-
RILA responds to White House report on fiscal cliff
ARLINGTON, Va. — Retail Industry Leaders Association president Sandy Kennedy has responded to the White House report predicting the massive tax increases consumers could face if policymakers fail to avert the fiscal cliff.
The report was authored by the National Economic Council and the National Council of Economic Advisors.
-
White House reports says fiscal cliff could take bite out of retail spending
Washington -- Consumer spending could drop by almost $200 billion next year while depressing real consumer-spending growth by 1.7% if middle-class taxes rise in response to the fiscal cliff, according to a report released Monday by a White House economic team.