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Diane Publishing Books
Major Fiscal Issues Before Congress in FY2013
Mindy R. Levit (ed)
This report provides a brief overview of the major tax and spending policy changes set to take effect under current law at the end of 2012 or early in 2013. Collectively, these policies have been referred to by some as the ńˇýfiscal cliff.ńˇŁ Extending current revenue policies (e.g., extending the Bush tax cuts) and changing current spending policies (e.g., not allowing the BCA sequester to take effect) would increase the projected budget deficit relative to current law. The Congressional Budget Office (CBO) estimates that if current law remains in place, the budget deficit will fall by $502 billion between FY2012 and FY2013. Appendix: Comparing Budget and Deficit Reduction Proposals. Tables. This is a print on demand report.
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