Browsing All posts tagged under »fiscal cliff«

Congress Avoids Fiscal Cliff And Passes First Major Tax Increase in Almost Twenty Years

January 3, 2013

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Early Tuesday morning, the U.S.  Senate passed a bill aimed at averting spending cuts and tax increases that comprised the dreaded “fiscal cliff.”  House Republicans were extremely critical of the bill for not including enough spending cuts.  However, the House approved the bi-partisan legislation under the extreme pressure of trying to avoid the fiscal cliff […]