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Bookmark or Share- The coming fiscal cliff: A blueprint for tax reform in 2025 - BrookingsKey takeaways: The expiration of Tax Cuts and Jobs Act provisions at the end of 2025 presents an opportunity to improve tax policy. Natasha Sarin and Kimberly Clausing suggest key principles to ...
- Fiscal Cliff Explanation and Causes - The BalanceThe fiscal cliff is a combination of five tax increases and two spending cuts that were scheduled to occur on January 1, 2013. If Congress hadn’t taken action in time, taxes would have increased and government spending would have been drastically reduced in one day.
- Fiscal Cliff - Meaning, Explained, Examples, Vs Fiscal DragFiscal Cliff Meaning. The fiscal cliff refers to a situation favoring and indicating the occurrence of economic contraction and recession due to the combined effect of tax cuts nearing expiration and reduced government spending.
- Fiscal Cliff: Meaning, History, How it was Fixed - InvestopediaThe fiscal cliff refers to a critical imbalance in the federal government's revenues vs. obligations, creating a looming budget deficit shortfall if Congress does not act quickly.
- What's in the fiscal cliff? - CNN BusinessThe fiscal cliff is a man-made disaster waiting to happen. It starts to take effect in January and includes $7 trillion worth of tax increases and spending cuts over a decade.
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