Everything You Need to Know About the Fiscal Cliff
Now that the presidential election dust has settled, Congress has reconvened to discuss the fiscal cliff. Here are some comprehensive explanations about what the fiscal cliff is and what could happen if we go off it.
WP WonkBlog: Everything you need to know about the fiscal cliff in one post
Dylan Matthews of the Washington Post WonkBlog explains what it is, how big it is, when it will happen, what will happen to the economy, and what could stop it.
Council of State Chambers, State Chamber Policy Center
A new report by Inforum/University of Maryland, Fiscal Shock: America’s Economic Crisis, finds that the U.S. already is struggling due to Washington’s failure to address the fiscal cliff. The Pew Center on the States is finalizing a report that will evaluate the cliff’s impact on states, looking both at the effect of sequestration on revenue sharing and the expiration of dozens of temporary federal tax provisions on state tax systems. That report is expected in December.
Ron Haskins, co-director of the Center on Children and Families and Budgeting for National Priorities Project at the Brookings Institution, authored an interesting opinion piece: The Fiscal Cliff: Predictable, Reprehensible, but Still Avoidable.