We came into the New Year with a dark cloud looming over our heads, as many middle class families faced a tax increase of nearly $2000 - $3500. The fiscal cliff threatened to send our nation back into recession. But on January 1st, the White House proudly announced the American Taxpayer Relief Act of 2012 was finally passed which means: " middle-class families won't see … [Read more...]
Money Monday: Are You Ready For the Fiscal Cliff?
With the election resulting in an Obama landslide victory, national headlines have now turned towards the mess he's faced with, namely the looming "fiscal cliff" that could push the nation back into recession and send millions of Americans back to the unemployment lines. So what exactly is this fiscal cliff we've been hearing so much about? It refers to the effects of a … [Read more...]