Goldman Sachs Says Tax-Cut Expiration Would Erase First-Half U.S. Growth

| September 23, 2010

Even a temporary lapse in the tax provisions “would essentially wipe out most of the modest growth we expect in the first half of 2011,”  Goldman Sachs Letting all of the roughly $270 billion in tax cuts lapse would subtract almost 10 percentage points from annualized disposable income growth in the first quarter of 2011. […]

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