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Averting the real fiscal cliff

February 1, 2013
Lewistown Sentinel

One of the many buzz words for 2012 without a doubt was "fiscal cliff," a phrase used to describe the expiration of various tax provisions, namely the Bush-era tax rates, and indiscriminate budget cuts commonly known as "sequestration." Most economic experts warned that allowing the combination of both to take effect would wreak havoc on the nation's fragile economy. According to the non-partisan Congressional Budget Office, failing to extend the current tax structure alone would have reduced national employment by upwards of 3.4 million jobs.



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