WebMay 11, 2012 · fiscal cliff Definitions and Synonyms. noun. DEFINITIONS 1. 1. the tax increases and spending cuts that will have to take place in the US at the end of 2012 when the Budget Control Act of 2011 comes into effect. Even as Mr Obama and Mitt Romney made their last pitches to voters, the investors called on Congress to do a deal to avert … WebMar 30, 2024 · The term “fiscal cliff” refers to a combination of tax cuts that are about to expire and general government expenditure reductions that must be reversed to prevent a crisis. Concluding Remarks To counter fiscal drag is the need of the hour. Fiscal drag describes the inherent restraints placed on aggregate demand by a progressive tax …
FISCAL CLIFF (noun) definition and synonyms Macmillan Dictionary
Web10 hours ago · The agency would then use an estimated $376 million in the following 2024-2024 fiscal year before exhausting its remaining $206 million in funding during the 2024-2025 fiscal year. WebNov 21, 2012 · Fiscal Cliff: Both Sides Optimistic, But Still No Real Answers The Fiscal Cliff is a Mole Hill Compared to This What's Next for the Fiscal Cliff? CEOs, CFOs Voice Concerns over... churches open for homeless
fiscal cliff definition - Money Morning
WebDec 4, 2012 · The answer is probably not. A Reuters article dated February 12, 2012, “’Fiscal cliff’ looms for United States…” reads, “a reckoning will be at hand in late 2012 … WebNov 30, 2012 · The fiscal cliff was created by a series of actions by Congress, beginning with the approval of the Bush-era tax cuts in 2001 and 2003. ... (as defined in a footnote on the last page of the report): WebDec 10, 2012 · Background – fiscal cliff As a reference to the impending financial issues in the USA, fiscal cliff was first used in late 2010, when the tax cuts implemented by President Bush were originally due to expire. Popular use of the expression was galvanized by Ben Bernanke, Chairman of the US Federal Reserve, who in February 2012 said that "Under … deviantart red riding hood book