The political gridlock is worse this year than ever before. Taxpayers are left in the dark, not knowing how to plan finances and businesses are undecided about capital investments and hiring new employees. There are more tax provisions expiring this year than ever before and, if Congress does nothing, there will be a huge tax increase across the board affecting just about every taxpayer, rich and poor alike. Economists agree that if action isn’t taken within three weeks, we could find ourselves back in a recession.
To realize the enormity of the problem, read the full article explaining the significance of the expiring provisions.