WebFISCAL IMPACT: There is no fiscal impact associated with this annual report. ATTACHMENTS: 1. Planning Commission Cover Letter ... Tom Priscilla, Vice Chairman … WebJan 11, 2013 · How the Fiscal-Cliff Deal Will Define Obama's Second Term By Molly Ball January 11, 2013 Constant crisis, a more aggressive president, maybe even a more accommodating Republican Party: What last...
The Fiscal Cliff: Fact Or Fiction? - Prime Capital
WebThe Fiscal Cliff Defined In its most basic sense, the Fiscal Cliff is a metaphor for the economic negatives that would be created if the Republican-controlled US Congress and the Democrat-controlled US Senate are unable to reach a workable consensus on potential tax increases and reductions in government spending before the end of this year. WebApr 9, 2024 · A fiscal cliff is a situation in which sudden changes in government spending and tax have a big and sudden effect on a country's economy. The … grahams organic farms rosebush mi
fiscal cliff - English definition, grammar, pronunciation, …
WebEssentially, this refers to a payroll tax cut that we all got in 2009 when our share of Social Security taxes was reduced from 6.2 percent to 4.2 percent. The idea was — ka-ching — to put money in people's pockets so they'd have more to spend, thus giving the economy a much-needed boost. The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, 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 2011 also came into play. That Act was passed as a compromise to resolv… graham southampton