Fiscal Cliff

3:44pm

Tue December 11, 2012
It's All Politics

'Paris Hilton Tax' Vs. 'Death Tax': A Lesser-Known Fiscal Debate

Originally published on Tue December 11, 2012 7:34 pm

Ben Franklin famously observed that nothing is certain but death and taxes.

So far, Congress hasn't repealed the former, but the future of estate taxes — a largely overlooked piece of the "fiscal cliff" — remains uncertain as this year draws to a close.

Until now, most of the year-end tax debate has focused on the income tax, but another battle could be brewing over estate taxes.

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9:49am

Tue December 11, 2012
It's All Politics

Fiscal Cliff Calendar: What Happens When

Originally published on Tue December 11, 2012 11:39 am

iStockphoto.com

As weary as many Americans grew of campaign commercials last month, they may be getting even more annoyed this month by endless talk of the fiscal cliff, the massive collection of tax increases and spending cuts set to take effect at year's end.

It's easy to understand the urge to stick fingers in ears and loudly chant "la-la-la-la." The budget problems are indeed complicated, and the negotiations tedious.

But resolving the mess is extremely important: Without a solution, every person who gets a paycheck or has investments will see his or her taxes rise.

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7:09am

Tue December 11, 2012
The Two-Way

Today's Three Stories To Read About The 'Fiscal Cliff'

Originally published on Tue December 11, 2012 10:18 am

President Obama and House Speaker John Boehner, R-Ohio, at the White House on Nov. 16.
Toby Jorrin AFP/Getty Images

As we've said now several times, "the White House and congressional leaders continue to talk about taxes, spending cuts and how to avoid the so-called fiscal cliff that arrives at midnight Dec. 31 — when Bush-era tax cuts are set to expire and automatic spending cuts are set to go into effect."

As NPR and others cover the story, we're pointing to interesting reports and analyses. Here are some of the latest.

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3:28am

Tue December 11, 2012
Economy

What Happens If We Fall Off The 'Fiscal Cliff'?

Originally published on Tue December 11, 2012 8:55 am

iStockphoto.com

Lines of communication remain open in an effort to avert the automatic tax hikes and spending cuts known as the "fiscal cliff," according to the White House and House Speaker John Boehner.

If no deal is reached between now and the end of the year, would the consequences be that drastic?

To answer that question, let's imagine it's January and the nation has gone off the "fiscal cliff." You don't really feel any different and things don't look different, either. That's because, according to former congressional budget staffer Stan Collender, the cliff isn't really a cliff.

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2:11pm

Mon December 10, 2012
NPR Story

Raising Taxes A Key Sticking Point In Fiscal Cliff Talks

Originally published on Mon December 10, 2012 6:44 pm

Transcript

AUDIE CORNISH, HOST:

And if past negotiations are any indication, that silence could mean the talks are going well. We're joined now by NPR's congressional reporter Tamara Keith, who has been following developments on the Hill and beyond. And as Ari just said, neither side is talking about the details, but Tamara, what are they saying?

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