• Update on the Fiscal Cliff
  • January 4, 2013 | Authors: Cameron L. Hess; Cameron L. Hess
  • Law Firms: Wagner Kirkman Blaine Klomparens & Youmans LLP - Walnut Creek Office ; Wagner Kirkman Blaine Klomparens & Youmans LLP - Mather Office
  • The following is a cheat sheet on the Fiscal Cliff Avoidance - aka American Taxpayer Relief Act of 2012. While HR 8 began as a Republican election bill for Romney, including some language that would never have passed, it was gutted and revised to reflect the compromise. Over the next few weeks, the political discussion will be by both parties claiming a victory, but the reality is in the numbers: