Will the U.S. economy fall of the feared “fiscal cliff”?
No, say the nation’s independent financial advisors. In a recent poll by the
More than seven in 10 (72%) believe that the deal will include both higher marginal tax rates for wealthy Americans as well as curbs on deductions. Fully 90% believe that the deal should include both fundamental tax code and entitlement reforms.
That said, most advisors (70%) do not believe that Americans making over
Despite their optimism about avoiding the fiscal cliff, advisors were downbeat about the prospects for the U.S. economy. Half said that the economy will remain flat in 2013 and almost one in four (23%) said it would worsen.
They were also bearish on the stock market, with 59% saying that equities performance would remain flat in 2013 and 22% saying it would be weak.
“With the election behind us, all eyes are now on
The poll was conducted
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