Economists fear slowdown without extended payroll-tax cut

11/14/2011 | USA Today

Time is running out for Congress to extend this year's payroll tax cut past Dec. 31. If it is not extended, many economists would lower their forecasts for 2012, since most assumed it would be extended. Reverting to the previous rate could drain $120 billion from the economy. In addition, $30 billion more is at risk if Congress does not extend long-term unemployment benefits. "It's a meaningful drag," said Joel Prakken of Macroeconomic Advisers.

View Full Article in:

USA Today

Published in Briefs:

SmartBrief Job Listings for Transportation

Job Title Company Location
Manager, Employee & Labor Relations
Allegiant Air
Las Vegas, NV
Technical Writer - Subject Matter Expert in Maintenance
Allegiant Air
Las Vegas, NV
General Manager IAH
Menzies Aviation
Houston, TX
Operations Specialist
Aircraft Service International Group
Washington, DC
EXPERIENCED AIRLINE CARGO GENERAL MANAGER
Worldwide Flight Services, Inc
Dulles, VA