Title: Tax Cuts Raise Expectations for Economy in 2011
Author: Jeannine Aversa
Source: Yahoo! News
With the recent tax cuts, Americans will have more spending money in their pockets, making economists predict that the upcoming year's economy will start out bright. It is predicted that economic growth may reach about 4 percent which would be the largest growth since the year 2000. However, the economy is improving slowly so it isn't having a substantial effect on the housing market yet, and the growth is not expected to be enough to lower the 9.8% unemployment rate. Analysists predict that lowering the unemployment rate to a normal level could take up to a decade. Despite the lack of immediate benefit, this economic growth will be highly advantageous to America in the long run. It is the beginning of a potentially long-term improvement in our economy that will result in countless benefits to Americans. The tax cuts have made our economy take a positive turn that will result in a significant improvement for many Americans.
