Most Active Stories
- To Clean a Skull: Beetles, Bones, and Business
- Harping In Harmony: Beverly Inman-Ebel Previews Free CHE Concerts
- Start It Up Ep 10: Why a Good Bookkeeper Matters and Chattanooga's Filmmaking Community is on Fire
- Douglas Tallamy: Why Home Gardening 'Transcends the Needs of the Gardener'
- 'The Future West' Film Team Seeks Crowdfunding for Sequel
Could 'Taxmageddon' Crisis Create Compromise?
Originally published on Sat June 9, 2012 6:35 pm
On Jan. 1, trillions of dollars in spending cuts and tax increases — called Taxmageddon — will take effect unless Congress and the White House can agree on a new plan. Many economists say the country will fall back into a recession if it happens. Former Treasury Secretary Robert Rubin says Congress may actually be "forced to make a decision that affects taxes and spending."