US economy likely rebounded in first quarter but spending cuts could dampen future growth

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: April 26, 2013 - 5:14 AM
  • 1
  • Comments

  • Results per page:
  • 1 - 1 of 1
squeezemeApr. 26, 13 6:04 AM

"U.S. economic growth likely accelerated from January through March from a near-stall at the end of 2012," Really? Then why did durable good orders drop 5.7% in March? This is from the article "Durable-Goods Orders Drop 5.7%" published by the WallStreetJournal.com on April 24, 2013: "U.S. orders for long-lasting manufactured goods fell sharply in March as businesses cut investment, suggesting that economic growth has cooled since the start of the year. Excluding defense, durable-goods orders were down 4.7%." Why would businesses cut investment? Could it be because of tax increases, and since many non-corporate businesses are S-Corps, meaning that taxes are paid by the owners at the individual level, business owners now have less money left after taxes?

0
0
  • 1 - 1 of 1

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT