There are three big economic tasks we need Washington to accomplish: avert the $700 billion “fiscal cliff” error created by Congress and the White House; set the national debt on a downward glide path; and restore normal incentives for American businesses to invest and hire. The American public says these problems are of high importance. […]
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The Fiscal Cliff—Part 1
The fiscal cliff we approach is a rotting pile of Washington’s unfinished business. When we slip over that cliff, taxes due will escalate because: the “Bush Tax Cuts” (reauthorized by President Obama) will expire; the temporary payroll tax cuts will expire; and protections from the Alternate Minimum Tax will expire. As we fall from the […]