Related Content: fiscal cliff
Middle class faces quick impact from fiscal cliff in form of alternative minimum taxEssential Reads The best hope for a deal to avoid the “fiscal cliff” may lie with the alternative minimum tax, an obscure provision of the tax code that is about to become alarmingly relevant to millions of middle-class taxpayers. |
Everything you need to know about the fiscal cliffEssential Reads |
‘Fiscal cliff’ already hampering U.S. economy, report saysEssential Reads The “fiscal cliff” is still two months off, but the scheduled blast of tax hikes and spending cuts is already reverberating through the U.S. economy, hampering growth and, according to a new study, wiping out nearly 1 million jobs this year alone. |
Officials: Obama ready to veto a bill blocking ‘fiscal cliff’ without tax hike for richEssential Reads President Obama is prepared to veto legislation to block year-end tax hikes and spending cuts, collectively known as the “fiscal cliff,” unless Republicans bow to his demand to raise tax rates for the wealthy, administration officials said. |
Debt impasse shadows race for presidencyEssential Reads President Obama and Mitt Romney will again debate their visions for the next four years on Tuesday night, and if the campaign so far is any guide, they will not acknowledge that the winner’s agenda could depend on the fiscal showdown between Election Day and Inauguration Day. |
Report: Nearly 90 percent of Americans would see taxes rise if ‘fiscal cliff’ hitsEssential Reads Nearly 90 percent of Americans would face higher taxes next year if Congress lets the nation hurtle over the “fiscal cliff,” the year-end precipice of tax hikes and spending cuts that threatens to throw the nation back into recession. |
Guessing the fiscal cliff's fateEssential Reads Is Congress going to drive the U.S. economy over the fiscal cliff? Is Washington so dysfunctional that Congress and the president, risking renewed recession, will let taxes rise sharply and spending be cut across the board? |
Obama's Re-Election WoesEssential Reads Depending on what degree the European crisis hits U.S. exports, and depending on the severity of the so-called fiscal cliff, the U.S. GDP could face a huge decrease. Sam Seder, "Majority Report" host; Tony Fratto, former White House deputy press secretary; Jennifer Rubin, Washington Post; and CNBC's John Harwood, offer insight. |
