Could $5 gas arrive with summer? Short-term price jumps in retail gasoline are often partly tempered by lessening demand. That is, the price of gas climbs to a certain point where consumers simply decide to cut back on their driving. As demand drops, prices finally follow.
This could easily happen; it may happen soon. Yet when we look at the macro view, we have not been following the classic pattern.
And who is to blame for soaring gas prices?
Every year, the IRS institutes big and little changes – and some don’t get as much notice as they should. This year is no exception. Here is a rundown of some of alterations and asterisks affecting taxpayers this year.
The good news is that tax changes in the proposed budget may be softened by bipartisan compromise. The proposals would impact the wealthiest Americans on several fronts.
The landmark mortgage settlement is big news, but will it make a big difference? What kind of relief will it offer? Who is affected?