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U.s. Economy – Fiscal Drag + Monetary Stimulus = 3% Growth
By: elwood daniel
Real GDP grew at a 2% pace in 2012. Growth would have been 3% but for the fiscal drags from all levels of government. Although state and local government budgets will stabilize in 2013, the fiscal drag at the federal level will slice over 1% from GDP with most of this coming in the first half of the year from rising payroll taxes and taxes on high income households.(read
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Category : Real Estate and Foreclosure
