Interested Parties Memo on the Impact of the Tax Agreement on Economic Expansion and Job Growth

Washington, D.C.–(ENEWSPF)–December 8, 2010. Earlier this week President Obama announced a framework agreement on tax cuts that, in the words of one leading economist, “ensures the economic recovery evolves into a self-sustaining economic expansion.”

The framework will avert what could have been a major shock to the U.S. economy had the tax cuts for the middle class been allowed to expire. Without an agreement, a typical middle class family would have faced a tax increase…