Business Groups Propose Raising Age for Entitlement Benefits
Did you know that Medicare, Medicaid and Social Security account for 42% of the federal budget? The Business Roundtable, which represents chief executives of major U.S. companies, proposed shoring up Social Security and Medicare by raising the eligibility age without increasing taxes on income subject to the Social Security payroll tax. For Social Security, the Read more ➝
A Breakdown of the New Fiscal Cliff Law
On January 2, President Barack Obama signed the American Tax Relief Act, an eleventh-hour bill designed to resolve the year-long fiscal cliff debate over expiring tax breaks and automatic spending cuts set to take effect in 2013. The legislation staves off massive job losses and a potential economic recession, but it raises more questions about Read more ➝
2013: The Beginning of the End of the Great Financial Crisis?
Although risks remain and volatility will continue, Andreas Utermann (global CIO from Allianz) is more positive about the world in 2013 than at any point since 2007. US growth could surprise on the upside and markets could see the beginning of the end of the great financial crisis. The key takeways from Utermann’s article on 2013 Read more ➝
