June 25, 2012
The Taxmageddon tax increases are “the equivalent of doubling a family’s grocery store bill for an entire year,” Heritage Foundation economist Rea Hederman said this morning on C-SPAN.
Uncertainty about how Congress will deal with Taxmageddon, the $494 billion tax hike set to go into effect Jan. 1, is already dragging down the economy, Hederman said.
Watch the video below:
Do you think Congress will act to stop Taxmageddon?