Last year, Congress and the President reached a compromise to reduce the federal deficit by $2.4 trillion. While a portion of the spending cuts were spelled out in the law, the rest were to be decided by Congress, or else automatic cuts would take effect. If an agreement is not reached by January 1, 2013, Americans will face across-the-board spending cuts and a looming tax increase, as current rates are set to expire. This will result in a cut of nearly $500 billion to our national defense, and a total tax increase of $494 billion, which will fall on the American taxpayer.
I want to know your thoughts on this issue.
Please take my short survey and share your thoughts on the looming fiscal cliff http://fitzpatrick.house.gov/avoiding-fiscal-cliff
I want to know your thoughts on this issue.
Please take my short survey and share your thoughts on the looming fiscal cliff http://fitzpatrick.house.gov/avoiding-fiscal-cliff