December 2012 Flash Report

Early on New Year’s Day, the Senate passed a bill to avert automatic spending cuts and tax increases originally designed to save Congress from itself by reducing the country’s deficits and gradually bring down debt (aka the fiscal cliff). The House of Representatives approved the bill yesterday. Unfortunately and unsurprisingly, the new bill does not address any spending and in fact increases planned expenditures while raising taxes on roughly 80% of working Americans, with the largest burden being passed onto families and small businesses earning $450,000 or more. Just two short months until we revisit this exasperating process…

Download the flash report (PDF) here »

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