Dont call it a consumer comeback..yet 

In recent months the U.S economy has shown some signs of life.  Economists have recorded a steady stream of positive economic data.  Consumer income and spending as been on the rise, resulting in a more stimulating economy.  The growth rate of the U.S in  2012 was slightly higher than 2011, increasing from 1.8 percent to 2.2 percent.  There are many positive numbers that would indicate that the economy is coming back and that consumer spending is reviving.  However, many economists are still very skeptical.  There was a tax increase from 4.2 percent to 6.2 percent on the first $113,700 of an individual’s income.  As part of the New Year’s Day deal to avert the full impact of the fiscal cliff, marginal tax rates climbed from 35 percent to 39.6 percent for single filers making more than $400,000 and couples making more than $450,000. The top tax rate on capital gains and dividends rose from 15 percent to 20 percent for high-income earners.  So far these tax increases have not had a major impact on consumer spending but that is because many consumers did not even realize the increase.  In the short run consumer spending was not effected, but with rising gas prices and slow quarterly growth rates it is tough to say which way consumer spending will shift.  


http://www.thefiscaltimes.com/Articles/2013/03/31/Dont-Call-It-a-Consumer-Comeback-Yet.aspx#page1