Fiscal Cliff and Tax Cuts
“Fiscal cliff” referred to impending tax increases and budget cuts at the end of 2012 if Congress failed to reach a new budget agreement.
President Obama urged Congress to extend middle class tax cuts associated with the “fiscal cliff.” He said he believed that members of both … read more
President Obama urged Congress to extend middle class tax cuts associated with the “fiscal cliff.” He said he believed that members of both parties could agree to a compromise on deficit reduction before Christmas.
“Fiscal cliff” referred to impending tax increases and budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. close
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