Understanding the Fiscal Cliff (Infographic)

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The “Fiscal Cliff” refers to the economic crisis that could take place at the end of 2012 if Congress allows tax cuts to expire while mandatory spending cuts are implemented. This would result in a possible change in deficit of up to $606 billion, a change in GDP of 4%-5% and the largest drop in federal revenues and spending in 40 years. This graphic provides more information about understanding the fiscal cliff.

(Click on the Image For Full View)

understanding the fiscal cliff

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