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Fiscal Cliff Featured News
Fiscal battles show divide in Republican Party
Fiscal failure: Latest deal solved nothing
New tax law packed with breaks for businesses
Which countries tax the most?
Federal agencies bracing for cuts after ‘fiscal cliff’ deal
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The coming fiscal cliff: A blueprint for tax reform in 2025
Key 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 ...
The ‘Fiscal Cliff,’ Explained - The New York Times
Q.What 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...
Fiscal Cliff: Meaning, History, How it was Fixed - Investopedia
The 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.
Fiscal Cliff Explanation and Causes - The Balance
The 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” Deal | Congressional Budget Office
The legislation lowers tax rates for many people—thereby boosting output—but it also expands budget deficits—which will reduce national saving and lower the stock of productive capital, thereby reducing output relative to what would have occurred under prior law.
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