Our View: The next ‘fiscal cliff’
So a deal was reached this week that, experts say, temporarily spares the American economy from falling off the proverbial “fiscal cliff.”
With the Jan. 1 deadline looming, Democrats and Republicans in both the Senate and House compromised on President Barack Obama’s campaign promise to raise taxes on the richest 2 percent of Americans.
Instead, the income-tax rate on the top 0.7 percent of Americans, individuals making more than $400,000 annually or families making more than $450,000, will increase.
Story Archived
Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.
Please sign in with your Comment Member ID and password.
Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com
