The Long and Short of the Fiscal Cliff
As Congress continues to play “chicken” with the Fiscal Cliff, the business community is experiencing a tremendous amount of uncertainty caused by the unknown impact of the impending tax hikes and sequestration cuts.
So, even if Congress acts to avoid the Fiscal Cliff before the January 1 deadline, is it too late to avoid another recession?
In this week’s Tax Fact of the Week, the Chamber’s Chief Economist, Dr. Martin Regalia, tells us the immediate and long-term implications of our country’s fiscal dilemma.
We’re staring down the largest tax increase in American history if Congress doesn’t act.
Click here to visit The Fiscal Cliff Countdown and tell Congress to act now to head off this problem before it’s too late.