The fiscal cliff is a problem that the US government will face at the end of 2012. Basically it is the effect of a number of laws which, if unchanged, could result in tax increases, spending cuts, and a corresponding reduction in the budget deficit which could significantly reduce economic growth at the beginning of 2013. If it happens the employment and the economy will decrease, the taxes will significantly increase, the companies will delay the production.
The "fiscal cliff" is a government issue in the United States. This is going to raise everyones taxes by the beginning of this year due to the Bush tax cuts that are going to end on January 1st 2013. This is going to be very bad if it happens because it could make a lot of people poor leave them out on the streets. This issue could increase our taxes by 19%. The reason our taxes will be going up is because the congress budget keeps going up which i making the people pay for what they are doing. This will negatively impact our country if this is not stopped.
The Fiscal Cliff is a government problem that is set to change laws at midnight on December 31, 2012. It is put into effect to make higher taxes for people and spending cuts which would result in helping the deficit. This could lead our economy into a worse depression in 2013, not helping any businesses. This problem could leave people homeless because of the high taxes that you are forced to pay. Then, you are going to have to pay an even bigger tax because you will be paying for people to live out on the streets. The jobs will decrease, nobody will be able to work or make money.
It is from the result of the Budget Control Act 2011 that will go into effect December 31,2012 at 12pm. It shows a tax increase of 2% for workers. It essentially highers taxes which no one likes.It also ends certain tax breaks for corporations. It ends the Bush tax cuts from 2001-2003 and helps facilitate Obama's New healthcare plan. -Alex Johnson
“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts (resulting in a 2% tax increase for workers), the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law.
the idea is that ending the bush tax cuts and increasing taxes for people and cutting some federally funded programs. this fiscal cliff will take effect on the 31st of December. this will end the bush tax cut plan over a period of time and replace it with President Obamas new healthcare plan. people believe that once this takes effect that the economy will fall off and lead the united states into another recession (like falling off an economic cliff).
The fiscal cliff is a change of laws and the end of the Bush tax cuts ending on midnight, December 31st 2012. It is going to decrease government spending and raise taxes on almost everything, it is said to decrease the deficit by somewhere around $700 billion. It is going to be hard for business in America and is going to push unemployment back up a little. It is said to be a cliff but it more like a hill and will take a while for it to go in effect. -Connor Thompson
Fiscal cliff is a term referring to a bunch of laws that overtime could create a tax increase. The Bush Tax Cuts are being taken away and the Budget Control Act of 2011. Between the years 2012-2013 have a 19.63% tax increase. The United States government will face these changes when the laws change at midnight of December 31, 2012.
The Fiscal Cliff is a hot topic in our government and news recently. Basically it is the freak out about the Bush Tax Cuts that will fall end at the end of this year. If everything happens like it is supposed to, they are predicting major economic fall and possibly putting us in another great depression. This will raise taxes to try and get rid of the debt and then no one will be spending which will result in another recession and jobs will decrease. -Will Thurman
The Fiscal Cliff is the government event that will go into effect starting in the next year, 2013. Literally as soon as it starts, it goes into effect midnight December 31st of 2012. What will happen is the Budget Control laws of 2011 will be activated, making higher taxes and spending cuts in our economy. This is seen as a bad idea, as most likely, there will be jobs lost and our economy could steep even further into a depression. This would leave alot of Americans unhappy, and alot of people of jobs and left on the streets.
The Fiscal Cliff is a term given to a bunch of laws that will be put into effect in 2013. These are going to most likely, in the long term, put an increase in taxes and make a lot of Americans mad. It will also cut a bunch of funding and federal spending that goes into our economy, which will hurt the job market and could lead to an increase in jobless Americans. This could also lead to a recession in 2013.
The Fiscal Cliff is the name for the difficulties the US government will face at the end of 2012, when the terms of the Budget Control Act of 2011 will go into effect. There will be a 2% tax increase for workers. It will result in the end of tax cuts and the beginning of taxes related to President Obama's healthcare law. If the current laws planned for 2013 go into effect, the economy could be impacted dramatically. This could lead us into an even deeper depression in the coming years and many jobs would be lost. -Rachel Tiller
The fiscal cliff is a problem that the US government will face at the end of 2012. Basically it is the effect of a number of laws which, if unchanged, could result in tax increases, spending cuts, and a corresponding reduction in the budget deficit which could significantly reduce economic growth at the beginning of 2013.
ReplyDeleteIf it happens the employment and the economy will decrease, the taxes will significantly increase, the companies will delay the production.
The "fiscal cliff" is a government issue in the United States. This is going to raise everyones taxes by the beginning of this year due to the Bush tax cuts that are going to end on January 1st 2013. This is going to be very bad if it happens because it could make a lot of people poor leave them out on the streets. This issue could increase our taxes by 19%. The reason our taxes will be going up is because the congress budget keeps going up which i making the people pay for what they are doing. This will negatively impact our country if this is not stopped.
ReplyDeleteThe Fiscal Cliff is a government problem that is set to change laws at midnight on December 31, 2012. It is put into effect to make higher taxes for people and spending cuts which would result in helping the deficit. This could lead our economy into a worse depression in 2013, not helping any businesses. This problem could leave people homeless because of the high taxes that you are forced to pay. Then, you are going to have to pay an even bigger tax because you will be paying for people to live out on the streets. The jobs will decrease, nobody will be able to work or make money.
ReplyDeleteIt is from the result of the Budget Control Act 2011 that will go into effect December 31,2012 at 12pm. It shows a tax increase of 2% for workers. It essentially highers taxes which no one likes.It also ends certain tax breaks for corporations. It ends the Bush tax cuts from 2001-2003 and helps facilitate Obama's New healthcare plan.
ReplyDelete-Alex Johnson
“Fiscal cliff” is the popular shorthand term used to describe the conundrum that the U.S. government will face at the end of 2012, when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Among the laws set to change at midnight on December 31, 2012, are the end of last year’s temporary payroll tax cuts (resulting in a 2% tax increase for workers), the end of certain tax breaks for businesses, shifts in the alternative minimum tax that would take a larger bite, the end of the tax cuts from 2001-2003, and the beginning of taxes related to President Obama’s health care law.
ReplyDeletethe idea is that ending the bush tax cuts and increasing taxes for people and cutting some federally funded programs. this fiscal cliff will take effect on the 31st of December. this will end the bush tax cut plan over a period of time and replace it with President Obamas new healthcare plan. people believe that once this takes effect that the economy will fall off and lead the united states into another recession (like falling off an economic cliff).
ReplyDeleteThe fiscal cliff is a change of laws and the end of the Bush tax cuts ending on midnight, December 31st 2012. It is going to decrease government spending and raise taxes on almost everything, it is said to decrease the deficit by somewhere around $700 billion. It is going to be hard for business in America and is going to push unemployment back up a little. It is said to be a cliff but it more like a hill and will take a while for it to go in effect. -Connor Thompson
ReplyDeleteFiscal cliff is a term referring to a bunch of laws that overtime could create a tax increase. The Bush Tax Cuts are being taken away and the Budget Control Act of 2011. Between the years 2012-2013 have a 19.63% tax increase. The United States government will face these changes when the laws change at midnight of December 31, 2012.
ReplyDelete^^^^^ Kaki Spencer
DeleteThe Fiscal Cliff is a hot topic in our government and news recently. Basically it is the freak out about the Bush Tax Cuts that will fall end at the end of this year. If everything happens like it is supposed to, they are predicting major economic fall and possibly putting us in another great depression. This will raise taxes to try and get rid of the debt and then no one will be spending which will result in another recession and jobs will decrease.
ReplyDelete-Will Thurman
The Fiscal Cliff is the government event that will go into effect starting in the next year, 2013. Literally as soon as it starts, it goes into effect midnight December 31st of 2012. What will happen is the Budget Control laws of 2011 will be activated, making higher taxes and spending cuts in our economy. This is seen as a bad idea, as most likely, there will be jobs lost and our economy could steep even further into a depression. This would leave alot of Americans unhappy, and alot of people of jobs and left on the streets.
ReplyDeleteThe Fiscal Cliff is a term given to a bunch of laws that will be put into effect in 2013. These are going to most likely, in the long term, put an increase in taxes and make a lot of Americans mad. It will also cut a bunch of funding and federal spending that goes into our economy, which will hurt the job market and could lead to an increase in jobless Americans. This could also lead to a recession in 2013.
ReplyDelete-Hartman Wendling
The Fiscal Cliff is the name for the difficulties the US government will face at the end of 2012, when the terms of the Budget Control Act of 2011 will go into effect. There will be a 2% tax increase for workers. It will result in the end of tax cuts and the beginning of taxes related to President Obama's healthcare law. If the current laws planned for 2013 go into effect, the economy could be impacted dramatically. This could lead us into an even deeper depression in the coming years and many jobs would be lost.
ReplyDelete-Rachel Tiller