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Bookmark or Share- The coming fiscal cliff: A blueprint for tax reform in 2025Natasha Sarin and Kimberly Clausing suggest key principles to guide tax policy choices. They present a menu of revenue-raising reforms together have the potential to raise about $3.5 trillion...
- 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.
- Fiscal Cliff - Meaning, Explained, Examples, Vs Fiscal DragThe 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. In short, it is an event where abrupt taxation and spending changes significantly and immediately impact a nation's economy.
- 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.
- The ‘Fiscal Cliff,’ Explained - The New York TimesWhat is the fiscal cliff? A. The term refers to more than $500 billion in tax increases and across-the-board spending cuts scheduled to take effect after Jan. 1 — for fiscal year 2013 alone —...
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