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Home>Fiscal Cliff Ahead: What It May Mean

Fiscal Cliff Ahead: What It May Mean

Perspectives Content Submission

Tue, 26 Jun 2012

Without congressional action, up to $600 billion of expiring tax cuts, new taxes, and automatic spending cuts are set to take effect at the end of 2012 or beginning of 2013. If they hit all at once, the impact could amount to as much as 4%-5% of GDP, according to our research, the equivalent of fal
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