If not resolved, the "Fiscal Cliff" is an issue that will dramatically affect the finances of nearly all Americans. Among other things, the Fiscal Cliff refers......
to a series of tax cuts that are set to expire at the end of 2012. If these tax cuts expire, most Americans will see an increase in their tax liability. At a time when many Americans are already in a precarious position, we cannot afford another hit to our finances.
Speaker Boehner said this morning that he is going to do "everything he can" to avoid going over the Fiscal Cliff. And President Obama has vowed to cut a deal. Let's all hope any deal made is with a long-term vision and not just a short-term band-aid!
Feel free to contact me with specific questions on how this Fiscal Cliff issue may affect you.
Does anybody have any feedback on the Fiscal Cliff?