Tag: Fiscal Cliff

Why not just go off the fiscal cliff?

Some are arguing for the fiscal cliff because we would reset the budget debate. With so many members of Congress taking a hard line on tax increases, there’s little way to increase revenues — and without more revenue there’s little chance of ever balancing the federal budget.

How much will taxes go up if we plunge off the “fiscal cliff”?

I’ll be back with another post about the fiscal cliff in a couple of days, but there’s some interesting data out there today from the Tax Policy Center, which has released a study detailing how impending tax increases will affect Americans at different income levels.