U.S. GDP Is Growing Ahead of Inflation But Major Tax Policy Issues Need Resolution
Greg Valliere, who is the chief strategist at Potomac Research Group points to a healthy GDP growth rate of 2% to show the U.S. economy is getting better, albeit slowly. Additionally, he points out that inflation is not a current issue, and that the job force is slowly recovering. However, the expiration of the Bush tax cuts and issues dealing with the alternative minimum tax and the estate tax are still at the forefront of economic policy.
See Melanie Waddell, "U.S. in 'Self- Sustaining Recovery,' But Tax Uncertainty Will Linger: Valliere," AdvisorOne.com (April 24, 2012)
Posted by Ian Horowitz, Associate Editor, Wealth Strategies Journal
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