The Fiscal Cliff

(Community Matters)  Yesterday’s GOP counterproposal changes the probabilities. I now think there’s a higher probability they could avoid the fiscal cliff.

The numbers Republicans proposed are much closer than expected – closer to 1:1 revenues and cuts. The reliability of the tax code reform revenues and the willingness to accept some rate increase appear to be the defining provisions in negotiations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s