Ben Bernanke

  • Tracing the Origins of the “Fiscal Cliff”

    Shortly after the re-election of President Barack Obama, there was an immediate and pressing concern to address the termination of tax cuts by January 1, 2013. The expiration of several tax cuts worth billions of dollars—the Bush tax cuts, the payroll-tax holiday, the alternative minimum tax, and tax credits—would result in raised expenses across the board, from the middle class to the affluent “one-percent.” The phrase used to define this … Read More