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Fiscal Cliff by rose

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by

Rose DePinto

on 18 December 2012

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Transcript of Fiscal Cliff by rose

What is a fiscal cliff? Proposed Solutions
from Economists Fiscal Cliff Rose DePinto and Diana Choi Comedic Relief Congress reforms medicare, medicaid, and Social Security 1/3 Domestic
1/2 Pentagon

Except; Social Security
Medicaid, and Veteran's benefits Our Solution Cliff... Expiration of the Bush tax cut
Expiration of Obama's temporary cuts
Budget Control Act of 2011
Deficit reduction super committee "bitter medicine"

long-term gains

lower deficits

better growth prospect Early 2013 recession

Slow Growth rate

Unemployment What is going on? What if the negotiation doesn't work? 1. BUDGET CUTS HOW does IT AFFECT US? 2. Income Tax 2. Income Tax Return to Clinton-Era Spending and Tax Labels Let the new Congress decide on the issues Extend the decision until the next quarter because of time constrictions Raise taxes Increase taxes by a small amount on the working class. Spend Less Money on certain programs Create more Jobs to increase revenue Eliminate Off Shore manufacturing Subsidize Businesses Happy Holidays! Again... Some people say... Current Situation
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