Taxmageddon, a one-year $494 billion tax increase, is coming on January 1, 2013. Reports of the economic destruction Taxmageddon would create are growing by the day, as is the number of respected economists, market shapers, and influential organizations warning Congress and President Obama to stop Taxmageddon to spare the economy its damaging effects.
Below is a list of those calling for Congress and the President to stop Taxmageddon. This list will be updated as more calls come for Washington to stop Taxmageddon.
Economists
- Ben Bernanke, chairman of the Federal Reserve;
- Alan Greenspan, former chairman of the Federal Reserve;
- R. Glenn Hubbard, dean of Columbia Business School;
- Edward P. Lazear, former chairman of the Council of Economic Advisors and professor at the Stanford Graduate School of Business;
- Mark Zandi, economist at Moody’s Analytics;
- Olivier Blanchard, chief economist at the International Monetary Fund;
- Alan S. Blinder, Princeton economist and former vice chairman of the Federal Reserve nominated by President Clinton;
- Irwin Kellner, chief economist at MarketWatch;
- Nouriel Roubini, professor at New York University’s Stern School of Business and chairman of Roubini Global Economics;
- Douglas W. Elmendorf, director of the Congressional Budget Office;
- Allen Sinai, chief global economist at Decision Economics;
- Donald L. Luskin, chief investment officer for Trend Macrolytics;
- Michelle Meyer, senior U.S. economist at Bank of America Merrill Lynch;
- Vincent Reinhart, chief U.S. economist at Morgan Stanley;
- Michael Hanson, senior U.S. economist at Bank of America;
- Ethan Harris, top economist at Bank of America;
- Nigel Gault, chief U.S. economist at HIS Global Insight;
- Margo Thorning, senior vice president and chief economist at the American Council for Capital Formation;
- Jerry Webman, chief economist at Oppenheimer Funds;
- David Fiorenza, economist at the Villanova School of Business;
- Miles Kimball, University of Michigan economist.
Market Shapers
- Mohamed El-Erian, CEO of Pimco;
- Jamie Dimon, CEO of JP Morgan Chase.
Institutions, Organizations, and Associations
- Congressional Budget Office;
- Goldman Sachs;
- International Monetary Fund;
- U.S. Chamber of Commerce;
- National Association of Manufacturers;
- Ernst and Young.
Congress and President Obama should not delay any longer. They should heed the warnings of numerous economists, market shapers, and respected organizations and stop all of Taxmageddon now.
They seemingly don't care about anything but themselves, we have been sold down the river so many times now its commonplace.
It seems too important for Congress to cover their butt! How un-American and totally against the People for Patty Murray to play chicken with our taxes and all the rest of congress that goes along with her kind of thinking.
STOP playing chicken!!!
We the People could get smart and VOTE them OUT!
“All tyranny needs to gain a foothold is for people of good conscience to remain silent.” ~ Thomas Jefferson
"Except the LORD build the house, they labor in vain that build it: except the LORD keep the city, the watchman waketh but in vain." Psalm 127:1 King James Version
What, none of the Hollywood set is calling for the enactment to be stopped? Will wonders never cease.
Who wants Washington to prevent taxmageddon? Every person at every level of income with the dignity to live independently from the controls of "government people" and their unconstitutional authority!!
Increasing taxes kills job creation. As a Psychiatrist one of the greatest stressors facing the patients I treat is the pervasive sense of hopelessness regarding finding work and for those employed , anxiety about keeping their jobs. Unleash the productivity engine in this country by lowering taxes and jobs will come back as we saw under President Ronald Reagan. Obama's vision for this country is not working!!!!