The Ultimate Guide To The Fiscal Cliff — Here’s What It Is, And What It Could Do To The Economy

The Ultimate Guide To The Fiscal Cliff — Here’s What It Is, And What It Could Do To The Economy

With the elections out of the way, attention has again turned to the fiscal cliff – the over $600 billion in tax and spending provisions set to change on January 1, 2013.

The fiscal cliff has in recent months risen to the top of investor concerns ahead of Europe’s debt crisis, the slow economic recovery and China’s slowdown.

President Obama has refused to back down from raising taxes on the rich. Republicans on the other hand want broader tax reform and spending cuts, and refuse to raise taxes. Both sides have said they’re open to some sort of compromise but a year-end grand bargain is unlikely.

We put together an explainer on the fiscal cliff, its economic impact, the most likely scenarios, the biggest political obstacles, and the companies most impacted

Note: The most likely scenarios are from a Goldman Sachs report that was published this summer.

—–

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

More in

image-408.jpg

Boehner About to be Fired?

Michael BeckerJul 31, 2015
image-406.jpg

Academic Study Finds Obama is the Fifth Best President in History

Michael BeckerJul 31, 2015
image-405.jpg

Obama Says He Can Win a Third Term: Then he gets Trumped [VIDEO]

Michael BeckerJul 31, 2015
906

Pension Funds in NYC & California Plan to Divest From Gun Sellers Such as Walmart

Candice LanierJul 30, 2015
image-404.jpg

South Bronx Outbreak of Legionnaire’s: No Bronx Cheer

Michael BeckerJul 30, 2015
image-402.jpg

Proof We Are in the End of Times

Michael BeckerJul 30, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

November 2012
M T W T F S S
« Oct   Dec »
 1234
567891011
12131415161718
19202122232425
2627282930  

Archives

Copyright © 2014 The Minority Report Network