Tax cut

Fiscal Cliff

Highlights of the approaching ‘fiscal cliff’

The “fiscal cliff” is an economy-rattling combination of expiring tax cuts and major across-the-board spending reductions to the Pentagon and domestic programs. Here is a list of what the fiscal cliff includes.


Congress: Fiscal cliff cuts would mean recession

WASHINGTON (AP) — Austere “fiscal cliff” tax increases and federal spending cuts set for the end of the year would send the economy back into recession and cause a spike in the jobless rate to […]


Explaining the 'fiscal cliff' (audio)

WASHINGTON (AP) — A new study is detailing how taxpayers across the income spectrum would face whopping tax hikes next year if Washington fails to renew a lengthy roster of tax cuts set to expire […]



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