Tax impact could be crucial to recovery - Washington Times: "More economists across the political spectrum are now worrying that the economy will still be quite weak at the end of next year, when the Bush tax cuts are scheduled to expire for high-income households.
The White House confronts a jobless rate (10 percent today) that will likely remain in double digits through the end of next year, according to many private economic forecasts.
The expiration of the Bush tax cuts would result in a de facto tax increase when the U.S. economy, judged by its likely unemployment rate, will be much weaker than President Obama anticipated during his run for the White House."
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