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Consequences of a Do Nothing Economy

Consequences of a DO NOTHING CONGRESS Conventional wisdom would support the notion that the division debate. For Congress, the White House and ultimately the of power between Congress and the White house should be rest of us, this political paralysis will have huge negative healthy for the nation's economic environment. However, the consequences. This infographic illustrates the dates and idea that our political leaders will find a place of compromise : our deadlines of significant events that will be the result if has not been borne out by events such as the recent debt ceiling further congressional inaction persists. designed by elefint designs IF CONGRESS DOES NOTHING SUPER COMMITTEE ELECTION YEAR 2011 2012 2013 SEPTEMBER NOVEMBER DECEMBER JANUARY DECEMBER DECEMBER JANUARY 08 23 23 01 01 31 02 BUSH TAX jabiess CUTS EXPIRE APPROXIMATE DATE WHEN TOP TAX RATES T TO 35% and 39.6% $1.2 TRILLION THE SUPER COMMITTEE, THE SUPER COMMITTEE CONGRESS MUST VOTE ON MORE THAN 6 MILLION OR THE "JOINT SELECT PRESENTS SUPER COMMITTEE'S AMERICANS ARE SET TO LOSE NEW DEBT CEILING LIMIT COMMITTEE ON DEFICIT RECOMMENDATIONS TO RECOMMENDATIONS FEDERAL UNEMPLOYMENT WILL BE REACHED DIVIDENDS 1 TO REDUCTION" FIRST MEETS CONGRESS BENEFITS IN 2012, WITH 1.8 ORDINARY TAX RATE 39.6% MILLION RUNNING OUT IN $6 BILLION CAPITAL GAINS 1 TO 20% $6 BILLION Discretionary spending JANUARY ALONE Defense budget SOCIAL SECURITY PAYROLL ESTATE TAX EXEMPTIONS TO IF CONGRESS DOESN'T TAXES SET TO † TO 6.2% $I MILLION APPROVE A DEAL BY THE FROM 4.2% SUPER COMMITTEE, THEN GLASSMAN WEALTH SERVICES, LLC° SEQUESTRATION (BUDGET CUTS) WILL BEGIN FAMILY WEALTH MANAGEMENT II

Consequences of a Do Nothing Economy

shared by youcom on Jan 24
While congress is debating over the economy, taxes and the debt ceiling, how will that affect our economy. This infographic takes a look at why the debt ceiling debate and political paralysis is bad f...


Glassman Wealth Services, LLC


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