It's worth clicking on the following link to see several very informative graphics from NPR. They show the composition of the fiscal cliff (US$380 billion in tax increases and US$100 billion in spending cuts) as well as the breakout of the tax increases and spending cuts.
http://www.npr.org/blogs/money/2012/09/19/161427078/the-fiscal-cliff-in-three-and-a-half-graphics?sc=nl&cc=pmb-20120920
Since there are estimates that put the impact of the fiscal cliff as high as 5 points of GDP, it's worth avoiding.
http://www.npr.org/blogs/money/2012/09/19/161427078/the-fiscal-cliff-in-three-and-a-half-graphics?sc=nl&cc=pmb-20120920
Since there are estimates that put the impact of the fiscal cliff as high as 5 points of GDP, it's worth avoiding.
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