Looking back on 2014, many have decided to single out a handful of indicators and declare that the economy is in great shape. With the economy growing at five percent and unemployment at the lowest level in seven years, the past year apparently came up roses.
The poor will be impacted disproportionally as fewer and fewer are eligible for the Earned Income Tax Credit. Obamacare will also pile on tax hikes on the nation’s wealthiest citizens.
?The Bureau of Labor Statistics (BLS) released the employment situation for June last week and the outlook is not as worthy of cheerleading as some on the left would have you believe.