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  1. 24 Νοε 2020 · The fiscal cliff refers to a combination of expiring tax cuts and across-the-board government spending cuts that create a looming imbalance in the federal budget and must be corrected to avert...

  2. 19 Ιαν 2021 · The fiscal cliff is a combination of five tax increases and two spending cuts that were scheduled to occur on January 1, 2013. If Congress hadn’t taken action in time, taxes would have increased and government spending would have been drastically reduced in one day.

  3. The fiscal cliff would have increased tax rates and decreased government spending through sequestration. This would lead to an operating deficit (the amount by which government spending exceeds its revenue) that was projected to be reduced by roughly half in 2013.

  4. 15 Νοε 2012 · What is the fiscal cliff? A. The term refers to more than $500 billion in tax increases and across-the-board spending cuts scheduled to take effect after Jan. 1 — for fiscal year 2013 alone —...

  5. 13 Νοε 2012 · The fiscal cliff is the culmination of a decade of “temporary” tax and budget bills that have postponed resolution of key policy differences. Should the tax code be used to heavily promote income distribution or aim instead to raise revenue in the least distortive manner possible?

  6. 12 Δεκ 2012 · The "fiscal cliff" is a term used to describe a bundle of momentous U.S. federal tax increases and spending cuts that are due to take effect at the end of 2012...

  7. 30 Νοε 2012 · How did the U.S. reach a 'fiscal cliff' and what does it mean? Here are the facts. By Eugene Kiely. Posted on November 30, 2012. 1.1K. Summary. The U.S. faces the possibility of another...

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