spending cuts

Politics
12:53 am
Tue November 27, 2012

Some Elements Of Fiscal Cliff Could Add To State Coffers

A new report says reduced tax credits from the fiscal cliff could lift revenue in some states, although the larger, negative effects will still outweigh the boost.
Credit Les Chatfield/Flickr

The White House issued a statement Monday warning that taxes would go up for middle-class families by more than $2,000 on average, if Congress does not prevent the “fiscal cliff”—the series of automatic spending cuts and expiring tax breaks scheduled for the end of the year.  

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