Recommended Reading: Fiscal Cliff Deal

NPP Pressroom

Bill Moyers
Theresa Riley

Recommended Reading: Fiscal Cliff Deal

Want to know more about the 11th hour deal Congress and the White House reached early Tuesday morning? Here’s a collection of articles explaining what’s in the deal and differing viewpoints on the consequences.

The Fiscal Cliff Deal
by Chris Hellman and Mattea Kramer of the National Priorities Project

As our analysis shows, the deal focused on tax revenue and included a number of changes to the tax code, including a permanent extension of the Bush-era tax cuts on income below $450,000 for families and below $400,000 for individuals.

This deal left major issues unresolved, including the debt ceiling, the automatic spending cuts known as sequestration, and a final version of a budget to fund the federal government in the current fiscal year. Read more »