Cliff deal would extend tax cuts for households up to $450,000

By Chris Frates

December 31, 2012

Talks between Senate Republican Leader Mitch McConnell and Vice President Joe Biden have resulted in key tax provisions as the two worked to finish a compromise that would avert the fiscal cliff of tax hikes and drastic spending cuts poised to hit economy starting Jan. 1:

Democrats and Republicans are still working on how to prevent across-the-board spending cuts that begin next year.

(Image via alexskopje/Shutterstock.com)


By Chris Frates

December 31, 2012

http://www.govexec.com/management/2012/12/cliff-deal-would-extend-tax-cuts-households-450000/60401/