President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- The Fiscal Cliff, its Threat to the Ailing Economy, and the Path Ah...
The Fiscal Cliff, its Threat to the Ailing Economy, and the Path Ahead
Policy Briefing on Federal Income Taxes
President, Tax Foundation
Chief Economist, Tax Foundation
On January 1, 2013, a large and sweeping tax hike will take effect as the largest single part of the Fiscal Cliff. From an increase in the estate tax to tax increase on small businesses, the impending threat of new taxes and increases in existing taxes could be catastrophic. The Tax Foundation has simulated the potential economic effects of the Fiscal Cliff.
This briefing will provide a glimpse into the damaging effects of the looming tax hikes and to offer greater clarity for the path to economic growth.
If you would like to register to attend this event, please contact Andrew Lundeen by Wednesday, November 28 at firstname.lastname@example.org or 202-464-5115.
The Tax Foundation is a non-profit, educational research organization under 501(c)(3) of the Internal Revenue code and does not employ or retain any federally registered lobbyists. The event complies with all House and Senate gift rules and is defined as a “widely attended event.”
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