Federal deficits, jobs creation, and economic growth dominate legislative agenda

Industrial Products & Services Tax Alert

Congress is currently focused on efforts to reduce federal deficits and promote jobs creation and economic growth. The Joint Select Committee on Deficit Reduction (the Deficit Committee), the 12-member panel established by Congress under the Budget Control Act, is charged with recommending by November 23 at least $1.2 trillion in deficit reduction, to be followed by an up-or-down vote by Congress before the end of the year.



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