TITLE

Approaching the Edge

AUTHOR(S)
Suarez, Aquiles
PUB. DATE
September 2012
SOURCE
Development (08886067);Fall2012, Vol. 43 Issue 3, p76
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
In this article, the author focuses on the fiscal cliff awaiting the U.S. He says that by the end of 2012 taxes will rise including on payroll, capital gains, and investment income. He adds that there will be mandatory spending reductions of 1.2 trillion U.S. dollars over 10 years across government programs in January 2013. The U.S. Congressional Budget Office estimates that the reduction would result in a contraction of the economy of 1.3 percent over the first half of 2013.
ACCESSION #
80129459

 

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