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

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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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