News

During a recent WJZ Exclusive broadcast, Kurt Sturn, a tax principal with Reznick Group's Baltimore office, shared his insights regarding the historic debt deal, including what should be cut next to reduce the massive deficit. WJZ gathered experts to sound off on the tough decisions facing Congress.

When Bush era tax breaks expire at the end of next year, "the tax increases aren’t just tax increases to the wealthy, they are across the board," Sturn said. "We are going to have a tax increase as a result of this budget. Many people don’t realize that. It will be very significant."

Watch the segment.

Read the story.