The 2011 terms of the Budget Control Act will go into effect Jan. 1, 2013. Mandatory budget cuts, the end of the Bush tax cuts, and new Obamacare taxes will begin. While no one wants to see the U.S. plunge off the “fiscal cliff,” partisan politics may make it difficult to reach a compromise.
Take our poll: Should House Republicans compromise with Democrats and agree to trade increased taxes for budget cuts?
November 25, 2012 by 20 Comments