Tax Issues

The country went over the “cliff,” but, like a bungee jumper, after a short fall it was pulled back up to the precipice.  Congress’ passage of the American Taxpayer Relief Act of 2012 in 2012 and the President’s signing it in 2013 broke the Congressional impasse and got the country past the Fiscal Cliff for now.  We now sit on the bench next to the sign indicating a “Scenic Overlook.”  But we can relax and enjoy the view for only a few months, until the delay of the across-the-board budget cuts expires and it comes time to raise the U.S.