April 17, 2014

Fiscal Cliff Taxes

fiscal cliff ahead

With the Fiscal Cliff fast approaching it appears as though we are about to go over or at least that is what Harry Reid is saying as he starts playing the blame game.

John Boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. He’s waiting until Jan. 3 to get re-elected as speaker before he gets serious with negotiations because he has so many people … that won’t follow what he wants.

Speaker John Boehners office shot back with a quick response:

Senator Reid should talk less and legislate more. The House has already passed legislation to avoid the entire fiscal cliff. Senate Democrats have not.

Now we posted an article earlier about what the Fiscal Cliff would mean to US Citizens. This would include $440 Billion in tax increases. What exactly does that mean for you? Check out this infographic:

fiscal cliff

Now this is a fairly significant amount for most families and with the additional spending cuts that will take place immediately there is a likely chance that our economy will take a step backwards.

Source: Fox News Insider

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