Necessary Roughness

With the Democrats taking the House and possibly the Senate, we might want to see where these numbers lie in two years. Charlie Rangel on CNN just decried the fact that they only have two years to make changes..

GPO Access:
GDP increasing 3.4 percent, 1.6 percent when adjusted back to 2000 dollars: $13.3 trillion
National income: $11.7 trillion
Corporate profits: $1.75 trillion
Labor force participation rate: 66.2%
Unemployment rate: 4.4%
Prime rate charged by banks: 8.25%
Federal funds rate: 5.25%
New home mortgage yields: 6.72%
Federal debt: $9.12 trillion
Federal debt held by U.S. public: $5.25 trillion
Trade deficit: $210 billion

Current tax brackets:

If your taxable income is between…			…your tax bracket is:
0	and	7550	10%
7550		30650	15%
30650		61850	25%
61850		94225	28%
94225		168275	33%
168275		above	35%

This should be an interesting track.