Tax Deductions and Loopholes and the Fiscal Cliff
John McKinnon talked about some of the tax loopholes and deductions potentially on the chopping block in the “fiscal cliff”… read more
John McKinnon talked about some of the tax loopholes and deductions potentially on the chopping block in the “fiscal cliff” negotiations, as well as how these deductions would impact Americans of varying incomes across the country. He also responded to telephone calls and electronic communications.
“Fiscal cliff” refers to the impending tax increases and budget cuts at the end of 2012 if Congress failed to reach a budget agreement.
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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- John D. McKinnon Correspondent Washington
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