Experts have said failing to reach a fiscal cliff deal and devise a framework for a broader deficit reduction package to be negotiated when the new Congress is seated in January will cause economic turmoil. The non-partisan Tax Policy Center estimates that middle-class families would pay about $2,000 a year more in taxes without action.
Same disputes plague fiscal cliff debate
All signs point to continuing standoff
Published On: Dec 04 2012 09:19:43 AM PST Updated On: Dec 04 2012 03:07:35 PM PST