Fiscal Cliff › Barack Obama

Fiscal Cliff is a non-technical economic term used popularly to describe a series of tax increases and mandatory budget cuts set to occur at the beginning of 2013. The term "cliff" refers to the idea that such increases and cuts would be catastrophic to the fragile economy and consequently, force the economy off of a metaphorical cliff.

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News & Analysis as of May 25, 2013

Health Care Issues Poised to Take Front and Center in the 113th Congress

by Stephen Cooper, Ryan J. Severson | K&L Gates LLP on 2/25/2013

Health care issues dominated much of President Obama’s first term. Even after Congress passed the Patient Protection and Affordable Care Act (“PPACA” or “health reform law”) (Pub. L. 111-148, 111-152), the Supreme Court...more

Washington Insight - January 2013

by King & Spalding on 2/5/2013

In This Issue: - President Obama Sworn in for a Second Term - 113th Congress Underway - More Fiscal Challenges in Store - Cabinet Re-Shuffle - A Game of Musical Chairs - Tax Reform and...more

Fixing the Debt: Update on U.S. Fiscal Cliff Crisis (6th Edition) - December 28, 2012

by Rosemary Becchi, Micah Green, Erin McGrain, Daris Meeks, Emanuel Rossman, Aubrey Atwood Rothrock, III, Joseph Urso | Patton Boggs LLP on 1/4/2013

RECENT DEVELOPMENTS - - The President and Congressional leaders met Friday at the White House at 3:00 pm in an attempt to strike a last-minute deal. - Today’s meeting, which lasted about an hour, was attended...more

Consumers Already Falling Off Fiscal Cliff

by Michele Bowman | Lawyers.com on 12/31/2012

Automatic spending cuts and tax hikes are set to go into effect Jan. 1, absent a compromise over the budget, and consumers are worried about the impending “fiscal cliff.” President Barack Obama and Republican...more

The Fiscal Cliff And A Call For A Simpler Internal Revenue Code

by Jeremy Temkin | Morvillo Abramowitz Grand Iason & Anello P.C.... on 12/19/2012

President Obama and Speaker Boehner’s discussions aimed at avoiding the fiscal cliff will almost certainly result in the government collecting more taxes: either by increasing the rates paid by upper-income Americans, by...more

Capital Thinking Update - December 3, 2012

by Patton Boggs LLP on 12/12/2012

General Legislative - On Monday, December 3, the House will meet at noon for morning hour and at 2:00 for legislative business. No votes are expected in the House. Legislation under consideration will include H.R. 5817...more

This Week in Washington - November 30, 2012

by Patton Boggs LLP on 12/3/2012

In This Issue: - DOMESTIC POLICY MATTERS - The Fiscal Cliff Debate. High-level negotiations surrounding the so-called "fiscal cliff" continued this week. On Wednesday, Congressional Republicans and President...more

Consider Taking Advantage of Opportunities in 2012 – Your Taxes May Rise in 2013

by The Law Offices of Marc J. Lane, a... on 12/1/2012

As of this writing, it’s difficult to speculate as to what U.S. income tax rates will be in the year 2013. This has become especially apparent due to the effect of the so-called “fiscal cliff” and the results of the November...more

This Week in Washington - November 23, 2012

by Patton Boggs LLP on 11/28/2012

In This Issue: - DOMESTIC POLICY MATTERS - Budget, Sequestration & the Economy. Congressional staff members are working this week to prepare the legislative framework for an agreement to avert the “fiscal...more

The Outcome of the 2012 Elections and What it Means for Employers

by Harold P. Coxson | Ogletree, Deakins, Nash, Smoak & Stewart,... on 11/16/2012

The 2012 presidential and congressional elections are finally over, probably much to the relief of an exhausted electorate and the chattering class of political pundits and pollsters who predicted a much closer race. Six...more

Election Behind Us: Looking Ahead to the Fiscal Cliff and 2013

by Howard Schweitzer | Cozen O'Connor on 11/9/2012

The balance of power in Washington remains intact: control of The White House and Congress remains as it was prior to the election. Notwithstanding that balance of power, we are NOT in a status quo political environment....more

Medicare and Medicaid Reforms Coming in a Second Obama Administration

by McDermott Will & Emery on 11/7/2012

While Mitt Romney and Paul Ryan campaigned on the promise to repeal the U.S. Patient Protection and Affordable Care Act, and to reform Medicare and Medicaid, their defeat does not mean the health industry should expect no...more

This Week in Washington - October 26, 2012

by Patton Boggs LLP on 11/1/2012

In This Issue: - DOMESTIC POLICY MATTERS - Budget, Sequestration, & the Economy. On Wednesday, the Commerce Department released a report showing that new home sales increased by 5.7 percent from August to...more

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