After weeks of debate, on Jan 1 Congress voted to avert the "Fiscal Cliff." Well, not really. Rather than truly dealing with the problems they "kicked the can down the road" a little longer. So, what did Congress do exactly in the Fiscal Cliff deal? First, more what…
As you are most likely aware, unless Congress acts soon, at midnight on December 31, 2012, a disastrous combination of tax hikes and spending cuts--known as the Fiscal Cliff--will automatically take effect, threatening to plunge our economy back into recession and would equal the largest tax increase in…