Washington, DC–(ENEWSPF)–September 18, 2012. The “fiscal cliff” is not one piece of take-it-or-leave-it legislation. Congress can and should make à-la-carte decisions about which tax increases and spending cuts should be prevented from taking effect at the end of 2012 and which ones should be allowed to phase out (and perhaps be replaced by fiscal support that would more efficiently support economic recovery and jobs in the near term). In A fiscal obstacle course, not a cliff: Economic impacts of expiring tax cuts and impending spending cuts, and policy recommendations, EPI Research and Policy Director Josh Bivens and EPI/The Century Foundation Federal Budget Policy Analyst Andrew Fieldhouse examine each component of the fiscal cliff and assess its impact on economic recovery.
