STOX.CZ (Grant Capital)
Markets  |  January 01, 2013 17:44:00

In five minutes to twelve the U.S. "unexpectedly" saved from falling off a cliff!


The expiration of tax incentives introduced at the beginning of the millennium under Republican President George Bush Jr. together with automatic cuts to the U.S. budget, set at the end of 2012 the country had significantly slow economic growth or even plunge back into recession. Nothing like this after Monday's meeting in the local Senate probably will not take place because Democrats controlled institutions withdrew Republican proposal to raise taxes on individuals with annual incomes above $ 400,000, or households with annual incomes above $ 450,000. This should be the only change in the tax burden, vastly different in the case of expiration of these tax breaks. Budget cuts are still not touching defense and intelligence, the agreement further extends support for people Intangible nazaměstnané and turns some more austerity measures.

Approval of the new budget is subject to acceptance in the House of Representatives, controlled by Republicans. More significant, however, complications are to be expected due to caving most Republican proposals. The House would have to vote on the proposal this evening, or during the next day.

It seems, therefore, that the key theme last few days seems to be resolved at the last minute. However, despite the failure to reach consensus in the next hours would probably "fall" did not take place, since the new measures can be incorporated into the legislation retroactively.

Mojmír Boček

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Za pět minut dvanáct se USA "nečekaně" zachránily před pádem z útesu!

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