What Is The
And How Will It Impact The Economy?
The Fiscal Cliff could lower the national deficit by up to $607 billion in 2013 — but at what cost to jobs and our economy?
If Congress can't reach a deal by 2013, all of this kicks in:
$607 BILLION TOTAL
$399 BILLION (66.7%): Changing Tax Provisions
221b: Expiring Bush-era tax cuts and provisions
95b: Expiring Payroll tax holiday