The Fiscal Cliff Deal
The taxes paid by most Americans will definitely increase despite the fiscal cliff deal just signed by Congress.
President Obama has declared that the fiscal cliff deal as a victory for middle class households. This may not be true because taxes are bound to go up and this will lead to an increase in middle class taxes.
America also has a huge national debt of $16 trillion. The tax relief and pork included in the new deal will add about $4 trillion to the national debt over 10 years. The fiscal cliff deal has been hailed … Read the rest