The Fiscal Cliff: Easy as 1, 2, 3…{infographic}

Posted on Posted in Politics

The “average” American is probably hearing all this chatter about the Fiscal Cliff and still trying to understand what it really means. Well ABC News created a wonderful little infographic to try and simplify the Fiscal Cliff for many of us…well, in all honesty I was just more confused. So, let me sum it up for you in 3 easy points:

  • The Fiscal Cliff is a combination of tax brakes and budget cuts set to expire on Jan 2, 2013.
  • If we go over the “Cliff” American tax payers, on average, would pay $3,500 more in taxes per household.
  • These increases would lower the country’s deficit, considerably, but would also weaken the U.S. economy.

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