View Here : What Fiscal Cliff Means
The United States fiscal cliff was a situation that took place in January 2013 when several previously-enacted laws came into effect simultaneously, increasing taxes and decreasing spending.. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012.Planned spending cuts under the Budget Control Act of ...
A fiscal cliff deal is likely to include an increase to the debt limit. But in a world without a deal, an ongoing austerity crisis could be worsened by a default.
The New Year's Day budget agreement to avoid the fiscal cliff includes two key measures that could be critical to people receiving long-term supports and services and their caregivers.
Gallery: 10 Things You Should Know About The Fiscal Cliff Deal
Based on his projections, Tombe says the net debt to GDP ratio could grow to nearly 50 per cent by 2040, with interest costs ballooning to more than $22 billion.
It was the president's first meeting with Congressional leaders on the issue since his reelection, and follows presidential sit-downs earlier this week with corporate leaders and left-leaning ...
Did You Know? Adjective. Fiscal derives from the Latin noun fiscus, meaning "basket" or "treasury." In ancient Rome, "fiscus" was the term for the treasury controlled by the emperor, where the money was literally stored in baskets and was collected primarily in the form of revenue from the provinces.
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a ...
The Village of Marble Cliff is a small village of 175 acres located south of W. Fifth Avenue between the cities of Grandview Heights and Upper Arlington.
With talk of the fiscal cliff taking up most of the headlines it is probably useful to look at income figures for Americans. The media rarely discusses income because it is a touchy subject.