Duncan Financial Management

(KPLR) – If Congress raises the debt ceiling, what will it mean for you? Jeff Duncan, Founder of Duncan Financial Management, says the changes being discussed on the debt ceiling will have a profound effect on the middle class. Many tax benefits are under review by federal budget analysts, along with Social Security and Medicare.

“When you run the numbers, there’s really no way that you can do a true deficit reduction deal of this scope, without hitting the middle-class. That’s partly because of all these tax breaks they get, and partly because of the programs that are growing and spending so exponentially.”