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Weekly Market Recap: Market Pullback Progressing As Expected (So Far) | Lance Roberts & Adam Taggart

Wealthion - Be Financially Resilient

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The Debt Crisis and the Employee Retention Tax Credit

Fiscal spending from this big deficit is in the short term propping up the economy and it is potentially pushing off the arrival of a recession. The employee retention tax credit lets employers who kept people on their payrolls between march of 2020 and january of 2022. It can be as much as $28,000 per employee that you kept on the payrolls so like every government program way more costly than i thought it was going to beThe congressional budget office originally estimated maybe this would cost $55 billion they've already spent $152 billion with 800,000 applications still pending.

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