The US Economy’s Future Just Got Much Darker: Big Money Is Either
Last week I outlined the reason why we are very likely going over the fiscal cliff: there are little if any political incentives for the GOP or Dems to fix the problem; the best option politically is to let us go over the cliff and then offer targeted tax breaks in late 2013 early 2014 as part of their 2014 Congressional campaigns. With that in mind, corporations are now rushing out special dividends to shareholders in an effort to beat the coming tax hikes on dividends.
Between Nov. 1 and Dec. 5, 349 companies moved up their dividends or paid special dividends, according to Silverblatt. That is higher than the 314 irregular dividends paid last year in all of November and December. Silverblatt expects the pace of early dividends to pick up if Washington keeps dawdling.
Read more: http://newswalls.blogspot.com/2012/12/the-us-economys-future-just-got-much.html