Wed, Oct 17, 2012 - Page 15 News List

US congress must stop ‘fiscal cliff’: CEOs

DISASTER LOOMS:A group of US chief executives warned Congress to stop partisan fighting and take action, including raising taxes on the rich, to stave off economic ruin


Economists, like CEOs, warn that consumer spending could be hurt by job cuts triggered by fiscal tightening and a snap-back in payroll tax rates that could slice US$1,000 off of an average family’s take-home pay.

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