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U.S. economic growth could slow by almost a full percentage point next year and send stocks down...

U.S. economic growth could slow by almost a full percentage point next year and send stocks down sharply if Congress can't agree to extend the payroll tax cut and unemployment insurance, some economists say. "If they really screw this up, we could retest those October lows below 1100" on the S&P, Phoenix Partners' Michael Block says.
Comments (6)
  • gotta be joking. More debt ain't the answer.
    21 Dec 2011, 06:27 PM Reply Like
  • SFC,
    So, is a tax increase in order?
    21 Dec 2011, 11:48 PM Reply Like
  • You had me worried. I thought something else bad could happen next year. Go Congress.
    21 Dec 2011, 06:40 PM Reply Like
  • President Obama is working overtime to get working families a tax break, shame on Tea Party to raise taxes.
    21 Dec 2011, 07:09 PM Reply Like
  • Raising taxes to waste more money.Short Congress in 2012.
    21 Dec 2011, 08:55 PM Reply Like
  • Cutting payroll taxes by 2% will increase the average take home check by 3% but decrease overall contributions to SS by 14%.

     

    Won't this put more stress on the already troubled SS system?

     

    Why not just lower income taxes and keep payroll taxes as they were before?
    22 Dec 2011, 03:49 AM Reply Like
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