Tag Archives: the fiscal cliff explained

The Fiscal Cliff Explained

By | December 29, 2012 11:09 am

Fiscal Cliff means there is a limit over which government can borrow, once the limit is breached automatic reduction in government spending and tax increases come in effect. So Basically Fiscal Cliff is an increase in taxes & reduction in government spending On or around Jan. 1, about $500 billion in tax increases and $200… Read More »