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.
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/07/goss1.mp3|titles=goss1]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.