According to the chief economist at JP Morgan Chase (via CNN), if we proceed with today’s tax plan from the genius that is Obama and all of his foot soldier Democrats and extend the Bush tax cuts only for those making less than 250k, we would cut a full percentage from our GDP growth which right now is only about 1.9%. Really, a plan to cut our growth rate in half? That sounds like a brilliant plan to get the economy going! Is November here yet?
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