What Is The Fiscal Cliff And How Will It Impact The Economy?

What Is the Fiscal Cliff?

What is the fiscal cliff, and how is it going to help or hurt our economy come 2013?  The fiscal cliff could lower the national deficit by about $607 billion in 2013 – and even more in the years to follow if current policies are allowed to take place – but this would all happen at a likely high cost to jobs and our economy. 

This fiscal cliff infographic lays out what could happen, and when:

 

 

 

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What Is the Fiscal Cliff?