United States fiscal cliff
id:
united-states-fiscal-cliff-183-15112526
title:
United States fiscal cliff
text:
The United States fiscal cliff refers to the combined effect of several previously-enacted laws that came into effect simultaneously in January 2013, increasing taxes and decreasing spending. The Bush tax cuts of 2001 and 2003, which had been extended for two years by the 2010 Tax Relief Act, were scheduled to expire on December 31, 2012. Planned spending cuts under the Budget Control Act of 2011 also came into play. That Act was passed as a compromise to resolve a dispute concerning the US debt
brand slug:
wiki
category slug:
encyclopedia
description:
2013 tax increase and spending decrease
original url:
https://en.wikipedia.org/wiki/United_States_fiscal_cliff
date created:
2012-07-24T14:18:30Z
date modified:
2024-09-07T00:13:15Z
main entity:
{"identifier":"Q41361","url":"https://www.wikidata.org/entity/Q41361"}
image:
fields total:
13
integrity:
15