The fiscal cliff deal will add almost $4T to the deficit over the next ten years, the CBO...
The fiscal cliff deal will add almost $4T to the deficit over the next ten years, the CBO calculates, citing the codification of tax cuts for most Americans. However, despite the measures, overall taxes will increase for over 75% of households in 2013, says the Tax Policy Center. Meanwhile, Republicans and Democrats are hardening their positions ahead of the upcoming battle of the debt ceiling, which has around two months to run.
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