In order to make some solutions to avoid the deadly fiscal cliff, President Obama initiated a public relations exercise to execute his plans to raise the taxes on those Americans who are wealthy.
Tag: fiscal cliff
White House Warns Against “Fiscal Cliff”
Growing fears on recession clouds hovering over United States of America has raised an alarm. Due to the expiration of Bush Tax cuts and spending cuts under Budget Control Act of 2011, alternate minimum tax reversion, and extension on social security payroll tax cut of 2% are the factors contributing to fiscal cliff.
Republicans And Democrats Meet To Solve The Fiscal Cliff
In a rare feeling of country comes first and then politics, Republicans and Democrat leaders met together with President Obama and decided and steps must be taken to avoid fiscal cliff as the deadline of December 31st approaches.