How does the Fiscal Cliff agreement affect hungry Americans & the food banks that serve them?
On January 1, Congress passed an agreement to avert the “Fiscal Cliff” and prevent tax rates from rising on 98% of Americans. As part of the deal, the automatic spending cuts (sequestration) that were scheduled to go into effect on January 1 have been postponed for two months. The measure also included an extension of the Farm Bill until September 30 and renewed the Food Donation Tax Deduction through 2013.
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