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If the US goes over the "fiscal cliff" on Dec. 31, our tax rate returns to what it was during the Clinton era. Our federal budget is automatically reduced by substantial amounts across the board. Economists predict that this may have a bad effect on the US economy. Actual effects will be slight for a few months, and Congress seems very likely to act quickly, if indeed the "cliff" is actually allowed to happen. Psychological effects, such at those on the Stock Market and on the thoughts of people who make financial decisions is hard to predict.
What else can I help you with?
Is the fiscal cliff over?
The fiscal cliff is temporay over for the next two months
A place where a river goes over a cliff?
a waterfall.
What is a place called where a river goes over a cliff?
waterfalls
What a place where a river goes over a cliff called?
waterfalls
What means cliff?
A cliff is an overhang on a mountain or steep hill. When someone is standing on the edge of a cliff, it means there is nowhere to go but over the side of the cliff. They would be forced to turn around and go back the other way. Many cliffs are found along shorelines of oceans and seas. DEFINITION OF 'FISCAL CLIFF' A combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective Dec. 31, 2012. The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit.
What happens if a cat jumps out of your hand?
it lands on the floor if your hand is over a cliff.... it dies
What does cliff mean?
A cliff is an overhang on a mountain or steep hill. When someone is standing on the edge of a cliff, it means there is nowhere to go but over the side of the cliff. They would be forced to turn around and go back the other way. Many cliffs are found along shorelines of oceans and seas. DEFINITION OF 'FISCAL CLIFF' A combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective Dec. 31, 2012. The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit.
What happens to letter that you post?
It goes all over the Internet.
What happens if the volleyball goes over but hits the floor?
The team that hit the ball over will get a point.
What is a sentence for cliff?
I have just driven over a cliff. This cliff is very steep and colorful.
What happens to water after you use it?
it goes back through the water cycle system over and over again
A physical feature barrier between Lake Ontario and Lake Erie?
The Niagara Escarpment, a long tall cliff that the Niagara falls goes over.
