January 1st Armageddon

It is being called the January 1st Armageddon. Creighton University Economist Dr. Ernie Goss says what happens in Washington over the next few weeks will have an impact on everyone’s pocketbook.

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The Obama Administration is pushing for tax cuts for those in the middle and lower income brackets and increase taxes for those making $250,000 a year, about two-percent of the population. Goss says the problem is that 2-percent does an awful lot of investing that provides opportunity and jobs. He says the payoff for taking that risk looks bleak.

[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/07/goss2.mp3|titles=goss2]

Goss says the nation continues to struggle to recover from the recession.