Accounting + Auditing
2013 Economic Outlook and the Impact of the Fiscal Cliff Deal
Well, the first fiscal cliff has been avoided. On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012, extending the deadline for spending cuts and preventing income tax rate increases. The question is what happens now. First, however, let's start with a summary of the fiscal cliff deal. Here are some of the highlights of the Act.
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