January 2013 Tax Increases
Douglas Holtz-Eakin advocated for Congress agreeing to a temporary extension of current policy while Robert Greenstein argued that allowing the the tax cuts to expire would be worth the benefits of a long-term solution.
Panelists talked about the impact on taxpayers if Congress allows the economy to fall off the “fiscal cliff,” referring to impending tax inc… read more
Panelists talked about the impact on taxpayers if Congress allows the economy to fall off the “fiscal cliff,” referring to impending tax increases and budget cuts at the end of 2012 if lawmakers fail to reach a new budget agreement. A new Tax Policy Center report said that middle income families would pay about $2000 dollars more in taxes in 2013 if the tax increases occur.
Douglas Holtz-Eakin advocated for Congress agreeing to a temporary extension of current policy while Robert Greenstein argued that allowing the the tax cuts to expire would be worth the benefits of a long-term solution. close
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