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  1. Who, What, Why: Who first called it a 'fiscal cliff'? - BBC News
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Fiscal Cliff 2013 explained: Obama, Republicans fiddle as economy burns

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Who, What, Why: Who first called it a 'fiscal cliff'? - BBC News

If this happens, it is anyone's guess as to whether Senate Democrats would be able to live with any such proposed changes made by the GOP controlled House. Contact Rick at thepolicypage gmail. Americans earning at this level will also experience a change in the taxes they pay on dividends and capital gains, with these rates increasing from 15 percent to 20 percent—an amount far less than the 40 percent originally sought by the Administration. However, should Boehner allow the full House vote to go forward, despite his inability to get a majority of Republicans to support the legislation, his sparing the nation from a fall from the cliff could come at the cost of his job as Speaker.

I am a Senior Political Contributor at Forbes and the official 'token lefty,' as the title of the page suggests. However, writing from the 'left of center' should not be Share to facebook Share to twitter Share to linkedin. View gallery. Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback. Republican lawmakers rejected a proposal on Thursday by their leader, House of Representatives Speaker John Boehner, designed to extract concessions from President Barack Obama.

With negotiations on a "fiscal cliff" deal at an impasse, Democrats and Republicans have turned toward sending political messages just before the Christmas holidays. Ratings firm Fitch warned on Wednesday there was an increased likelihood it would strip the U. A deal may be good for the stocks, but the same can't be said for the dollar, according to this pro.

The "fiscal cliff" is hampering everyday operations of small businesses and clouding their outlook for growth. President Obama's latest "fiscal cliff" offer does not move the goalposts closer in negotiations, former Bush economic adviser Lawrence Lindsey told CNBC. Stocks will like churn in the near-term as market fundamentals take a backseat to the ongoing "fiscal cliff" negotiations in Washington. The White House and many congressional Republicans are now looking at a modest deal that would extend current tax rates for most Americans and leave vexing issues for the new year.

  • United States fiscal cliff - Wikipedia.
  • United States fiscal cliff.
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  • Who, What, Why: Who first called it a 'fiscal cliff'?.
  • Holiday shoppers know about the "fiscal cliff," but will it hurt their spending plans? Can some stocks can still thrive even if lawmakers can't find common ground and compromise to avoid the fiscal cliff? Despite all the hullabaloo about the "fiscal cliff," stock markets have behaved calmly throughout this whole period.

    The Fiscal Cliff Deal

    Larry Kudlow is guessing that stocks are correctly sniffing that there will be no calamitous falling off the cliff. One thing Congress and the White House can't control in the event of failing to meet the "fiscal cliff" deadline is the market reaction, which could be a panicky sell-off. The fight over revenue has largely focused on income taxes for the rich.

    But a dispute over "the other rich tax" looms in Washington. The head of one of France's biggest companies has warned that France's problems dwarf those of the U. President Obama says a deal on the "fiscal cliff" could be reached in a week if Republicans accepted the idea of higher tax rates on the wealthy. Jobless claims Thursday should show a decline from recent elevated levels, but Friday's report could show the full brunt of Super Storm Sandy's impact.

    Mortgage interest deduction is one of the most popular provisions of the tax code. But Internal Revenue Service data show that only a quarter of tax filers claim it. Here's how the plans differ. The race to beat the "dividend cliff" is on — and it's generating some big pay-days for CEOs and company founders. Americans hate paying taxes. They also want Congress and the White House to balance the budget. That decades-long conflict seems to be approaching a Moment of Truth. Companies are racing the clock to hand out billions before year end—and some of them are taking on debt to do it.

    As the prospect of the U. There are many financial perks that come with being married. Lloyd Blankfein pointed to the uncertainty in the nation's capital as a major drag on the world economy.

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    What do her constituents think about the "fiscal cliff? Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered. The only way to solve America's debt crisis and bring certainty to Wall Street and the business community is to go over the fiscal cliff, said former Vermont Governor Howard Dean.