Research ReportCRS ReportVersion 8
R42700
The “Fiscal Cliff”: Macroeconomic Consequences of Tax Increases and Spending Cuts
Published Jan 9, 2013Updated Jun 20, 2025
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The Congressional Research Service is a nonpartisan policy and legal analysis arm of the Library of Congress. CRS reports are written for members of Congress and their staff, not the public — but they’re made available openly through Congress.gov.