Budget Sense: Finding a Safe Route Down from the Fiscal Cliff

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December 18, 2012 News and Analysis on Your Money in Washington

A Safe Route Down the Cliff This fiscal cliff can be avoided. The key to avoiding it and future fiscal calamities is reforming mandatory spending programs, from welfare to Social Security, that drive federal deficits. Heritage has updated our signature reform plan, revealing how to come down from the fiscal cliff and plan for the long term.
Fiscal Cliff: Five Budget Tactics to Reject While plunging over the fiscal cliff threatens our nation’s economy, Congress and the President could also do harm by dodging the cliff through budget gimmicks that create an illusion of spending cuts when none exist. See the Full Report >>
Letting Tax Cuts Expire Will Not Balance Our National Budget Some call for letting all 2001 and 2003 tax cuts expire, including subjecting the middle class to the alternative minimum tax, in order to balance the budget. Under this scenario, unaffordable spending would still rise, and economic growth and job creation would suffer. PERCENTAGE OF GROSS DOMESTIC PRODUCT (GDP) See What This Means for America on the Fiscal Cliff >>	A Florida Nurse's 2013 Tax Increase... and Yours What does going over the cliff mean for you? Read and Comment Now VIDEO: The Death Tax -A Family Business Story Now employing over 300 people, the Baldwin family may lose their livelihood. Watch the Video Now Why "Decoupling" Tax Rates is Unprincipled The latest on fiscal cliff talks Read and Comment Now MERRY CHRISTMAS AND HAPPY NEW YEAR!  Budget Sense returns on Tuesday, January 8

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