The US Senate passed the 2013 budget plan 2

The US Senate passed the 2013 budget plan 2

The tax increase for nearly 80% of Americans this year will reduce GDP by 1% in the first quarter of 2013 and make it difficult for the country's employment situation to improve in the first half of the year.> President Obama can be optimistic about the budget

Yesterday (January 1), the US Senate approved the country’s 2013 budget plan.

Payroll taxes will increase from 4.2% to 6.2%.

Harry Reid – Leader of the Democratic majority in the US Senate.

Therefore, according to calculations by the Tax Policy Center in Washington, 77.1% of Americans will see tax increases.

According to chief economists at JPMorgan Chase and Bank of America, increasing payroll taxes and personal income taxes on the rich will reduce US GDP by 1% in the first quarter of 2013.

Michael Feroli, chief economist at JPMorgan Chase New York, said: `This budget plan will be a significant obstacle to the US economy. We predict the US economy will grow weakly in the first half of the year, then

Ethan Harris, co-head of global economic research at Bank of America New York, said that this also means unemployment in the US will not improve significantly in the first half of 2013. Unemployment rate

This budget plan is being discussed in the US House of Representatives.

However, according to the latest information from Bloomberg, they have abandoned this effort.

The real deadline for the budget issue is said to be January 3, when the old parliament leaves and new members begin their term.

Thuy Linh (according to Bloomberg)

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