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Back to Home » January 2013 News » Details of Senate bill averting 'fiscal cliff' |
Details of Senate bill averting 'fiscal cliff' |
January 01, 2013
Highlights of a bill approved Tuesday by the Senate aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. The measure would raise taxes by about $600 billion over 10 years compared with tax policies that were due to expire at midnight Monday. It would also delay for two months across-the-board cuts to the budgets of the Pentagon and numerous domestic agencies....
Source URL: http://hosted.ap.org/dynamic/stories/U/US_FISCAL_CLIFF_GLANCE?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT
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