Looming 'fiscal cliff' makes election friction look tame
Meanwhile, taxes will jump across the board. Ninety percent of Americans will see their taxes go up, with those in middle-income brackets facing hikes of roughly $ 2,000 a year, according to a report by the Tax Policy Center. Plunging suddenly over this …
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Markets brace for a running jump off the fiscal cliff after Obama win
The US election results not only see the return of President Obama for four more years, but also Republicans retaining Congress and Democrats the Senate. Despite the uncertainty of the last few weeks, these are the very results the markets were expecting.
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Going over the fiscal cliff is seen as an option
Advocates of cliff-jumping say it would reset the debate. With tax rates back at the level of the 1990s, Democratic and Republican lawmakers would jump at the opportunity to reduce them for the middle class. House Minority Leader Nancy Pelosi of …
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