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>> TAXES Latest News

JAN 10, 2013 - Business Insider

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GOLDMAN: Here’s How You'll Know When Tax Hikes Are Starting To Hurt Consumers

Sven Jari Stehn and David Mericle of Goldman Sachs have a new note out that outlines how the firm will attempt to track the effects of higher taxes on consumption in real-time. Goldman expects that the tax increases (via the end of the payroll tax holiday) will be a “major headwind” for the economy in 1H 2013, but admits that there is “considerable uncertainty about the scale and timing of the effect on consumption.” The firm projects consumption growth of 1.0 percent in Q1, which picks up slightly to 1.5 percent in Q2. The problem is that economic data is incredibly ... Read More

Tags: GOLDMAN: Here’s How You'll Know When Tax Hikes Are Starting To Hurt Consumers,  Taxes Latest News