Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Blog Home
   Brian Wesbury
Chief Economist
 
Bio
X •  LinkedIn
   Bob Stein
Deputy Chief Economist
Bio
X •  LinkedIn
 
  Odds of Tax Cut Extension Keep Growing
Last week we wrote that the odds were growing for an extension of all the major income and investment tax cuts enacted in 2001 and 2003.  Within a couple of days, the Associated Press ran a story on growing support for the position among Democrats on Capitol Hill.  Now we are getting even more evidence in that direction.  In today's New York Times, Peter Orszag, who was until recently President Obama's budget chief, came out in support of a two year extension of all the tax cuts, through the end of 2012.  While we disagree with his reasoning in support of the tax cut – he wants higher taxes starting in 2013 – we see his article as a signal that an extension keeps getting more likely.  What he is saying publicly today is surely something the Obama Administration has been considering internally for some time.
Posted on Tuesday, September 7, 2010 @ 10:22 AM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
 PREVIOUS POSTS
• ISM Services Index Falls to 51.5
• Congress May be Heading toward Extending Tax Cuts for All
• Non-farm payrolls declined 54,000 in August
• Productivity revised down to -1.8% annual rate in Q2
• Auto Sales Not Signaling Double Dip
• The ISM Manufacturing index increased to 56.3 in August from 55.5 in July
• Reader Feedback: Freight Train Cars
• Odds Brightening for Tax Cut Extension
• Personal Income Increased 0.2% in July, Consumption Up 0.4%
• How To Be A Famous Economist
Archive
Skip Navigation Links.
Expand 20242024
Expand 20232023
Expand 20222022
Expand 20212021
Expand 20202020
Expand 20192019
Expand 20182018
Expand 20172017
Expand 20162016
Expand 20152015
Expand 20142014
Expand 20132013
Expand 20122012
Expand 20112011
Expand 20102010

Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.