Sen. Wicker Questions Federal Reserve Chairman Bernanke at Banking Hearing
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Published on Jul 17, 2012
WASHINGTON, DC -- Senator Roger Wicker (R-Miss.), a member of the Senate Banking, Housing, and Urban Affairs Committee, today questioned Federal Reserve Chairman Ben Bernanke about the tax increase scheduled to take effect on Jan. 1 if Congress fails to act.
President Obama has suggested a plan to raise taxes on individuals earning more than $250,000 per year, which would impact many small businesses, but Bernanke stated that tax increases could hamper economic growth if the increases reduced incentives and demand.
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