Local Economist, Ivestment Analyist weigh in on fiscal cliff debate

Posted December 28, 2012 3:48 pm | Filed under Local News
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A local economist is weighing in on the looming fiscal cliff debate in Washington, as Congress has yet to come to a bipartisan compromise on a set of tax cuts set to expire at midnight on December 31st.

Winthrop economics professor Robert Stonebraker says there will be changes to come if Congress doesn’t act.

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Chartered Investment Analyst Kendall Anderson, president of Anderson Griggs investments agrees, but says in some cases there may be a silver lining.

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Anderson says despite the media frenzy over the pending changes, there are some realities.

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The Alternative Minimum Tax was enacted in 1982.

Stonebraker explains how that Alternative Minimum Tax can leave taxpayers with double the work and a greater tax burden.

[1228-Stonebraker-B.mp3]

Hear the complete discussion between Stonebraker and Anderson here.