April 23, 2014

As Class Gap Widens, Obama Shifts Campaign Focus To Income Inequality

July 11, 2012
The International Business Times

Excerpt

"Policy planners are going to have to make some really hard changes, like figuring out what to do about the tax cuts scheduled to expire (at the end of this year) and the spending caps put in place last August in lieu of the debt ceiling," said Josh Gordon, a policy director at Concord Coalition, a non-partisan fiscal advocacy outfit founded by the late Sen. Paul Tsongas, D-Mass.

Washington currently faces pressures to avoid a dreaded "fiscal cliff" -- the effects of tax increases and automatic government spending cuts on economic growth -- a looming possibility at the end of the year that is alarming investors and economists.