Tag Archives: Deficits

Facing Facts on Fiscal Cliff

Posted on November 30, 2012

The U.S. faces the possibility of another recession — the third in 11 years — if President Obama and Congress cannot find a way to avoid the so-called fiscal cliff. The one-two combination of massive tax increases and spending cuts …
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Facts Falling Off the Fiscal Cliff

Posted on November 14, 2012 , Corrected on November 30, 2012

In press conferences on the so-called fiscal cliff, House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals. Boehner erred when he said that “the problem with raising tax rates on the wealthiest Americans is that more than half of them are …
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