Christmas shoppers still spend despite looming Fiscal Cliff deadline
BATON ROUGE - Holiday shoppers were out today despite current talks from Washington on potential tax increases.
Kelli Bagwell said she is aware of how close the nation is to teetering to the fiscal cliff, but she is not going to let it ruin her holiday season. "I'm getting my normal Christmas gifts and not worrying about it and just enjoying it," Bagwell said.
Taxes will go up at the first of the year if Congress and the White House don't reach a deal.
"I'm watching it on TV, with the Democrats and Republicans and Barack Obama, but that all comes with next year," Jason Vick said. "I'm trying to buy things for my family and friends."
According to the National Retail Federation, sales will be flat next year if the fiscal cliff is not averted. But, it looks like many shoppers will cross that bridge if we come to it.
"All year we all stress about everything and this is the one time where we can just put things to the side and help others and just have a good time," says Bagwell.
Lawmakers will resume talks next Thursday, after their Christmas break.
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