Fiscal Cliff Would Only Dent The Deficit
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Government programs would be cut, taxes would rise significantly on a bulk of Americans, and according to the Congressional Budget Office the economic situation would fall back into recession. However get this: Even if all of those things take place, there would still be a budget deficit. When it pertains to describing the financial cliff-- that combination of tax rises and investing cuts that would automatically start in January unless Congress and the president step in-- federal budget guru Stan Collender relies on superlatives. More Fiscal Cliff Notes
Expiration of tax cuts that were started under President George W. Bush "would clearly constitute one of the biggest tax increases ever imposed on taxpayers in American history," states Collender, who works at Qorvis Communications.
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Stan Collender
Overall Sentiment: -0.098632
Relevance: 0.631715
| Sentiment | Quote |
|---|---|
| -0.0211814 | "would clearly constitute one of the biggest tax increases ever imposed on taxpayers in American history," says Collender, ... |
| -0.0618908 | "That would be the single largest one-year reduction, nominal reduction, in the deficit in American history," says Collender. |
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Maya MacGuineas
Overall Sentiment: -0.135042
Relevance: 0.586885
| Sentiment | Quote |
|---|---|
| 0 | "It's "a big, big, big, big, big number," says Maya MacGuineas, ... |
| -0.200899 | "It's true that it's done in the absolute wrong way, but it's still not even big enough to start to tackle the fiscal problems that we have," says MacGuineas. |
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President George W. Bush
Overall Sentiment: 0
Relevance: 0.445604
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Additional Info:
Organization: Congressional Budget Office
Overall Sentiment: -0.0622102
Relevance: 0.828677
Disambiguation: GovernmentAgencyReferences:
Organization: Committee for a Responsible Federal Budget
Overall Sentiment: 0
Relevance: 0.505642
Organization: Congress
Overall Sentiment: 0.0108627
Relevance: 0.503837
Disambiguation: Dedicator | GovernmentalBody | Legislature | NaturalOrCulturalPreservationAgencyReferences:
Company: Qorvis Communications
Overall Sentiment: -0.028719
Relevance: 0.344803
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Source URL: npr.org
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Fiscal Cliff Would Only Dent The Deficit
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Virtually everyone agrees that allowing the nation to fall off the so-called fiscal cliff would be a bad thing. Government programs would be cut, taxes would rise and experts say the economy would fall back into recession. And after all that, the nation still would be dealing with a budget deficit.
Source URL: npr.org
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