January 11, 2013 at 09:00 AM EST
3 Defensive Plays For The Fiscal Cliff Fakeout
After what seemed like endless months of frustrating negotiations, Congress finally signed off on a last minute deal cobbled together by Republican leader Mitch McConnell and Vice President Joe Biden. For the first time in nearly two decades, income-tax rates for those earning over $450,000 were raised. The tax hikes are expected to reduce the deficit by some $620 billion over 10 years, far less than Obama’s $4 trillion in deficit reduction goal [Download Free 7 Simple & Cheap All-ETF Portfolios]. Though the American public might have sighed in relief, there is one crucial element that was not addressed in the New Year’s deal: spending. Many who are outraged by the deal believe that the fiscal cliff deal did not really solve anything, and that the main issues of lackluster economic growth and mounting pile of debt still pose some glaring red flags for the future of the nation. Without the necessary [...] Click here to read the original article on ETFdb.com. Related Posts: Defensive Equity ETFs For Earnings Season ETFdb Analyst Picks: Bull Run Holds For Now 13 Rapid Fire ETF Ideas For 2013 ETFdb Analyst Picks: Optimism Fuels Rebound ETFdb Analyst Picks: Fiscal Cliff Woes Are Here To Stay
After what seemed like endless months of frustrating negotiations, Congress finally signed off on a last minute deal cobbled together by Republican leader Mitch McConnell and Vice President Joe Biden. For the first time in nearly two decades, income-tax rates for those earning over $450,000 were raised. The tax hikes are expected to reduce the deficit by some $620 billion over 10 years, far less than Obama’s $4 trillion in deficit reduction goal [Download Free 7 Simple & Cheap All-ETF Portfolios].  Though the American public might have sighed in relief, there is one crucial element that was not addressed in the New Year’s deal: spending. Many who are outraged by the deal believe that the fiscal cliff deal did not really solve anything, and that the main issues of lackluster economic growth and mounting pile of debt still pose some glaring red flags for the future of the nation. Without the necessary [...]

Click here to read the original article on ETFdb.com.

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