Fiscal Cliff and Payroll Tax Cuts
Kim Dixon talked about the temporary payroll tax cuts put in place in 2011, and how they relate to negotiations between Congress and… read more
Kim Dixon talked about the temporary payroll tax cuts put in place in 2011, and how they relate to negotiations between Congress and President Obama on avoiding the “fiscal cliff.” Topics included the tax cuts' benefits to taxpayers, their impact on the economy, and the possibility that they would be extended. She also responded to telephone calls and electronic communications.
“Fiscal cliff” referred to impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement.*"Sequestration," a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011.
Nancy Calo read news headlines from C-SPAN Radio at the end of the program.
This program was part of a “Washington Journal” series looking at specific policy areas of the “fiscal cliff.” close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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