31 Dec '12, 8pm

The fiscal cliff: How it could affect troops

http://www.armytimes.com/news/2012/12/military-fiscal-cliff-troops-123112/ The fiscal cliff: How it could affect troops By Rick Maze - Staff writer Posted : Monday Dec 31, 2012 15:29:53 EST The so-called fiscal cliff is actually a series of four potentially long drops — and the first could have the biggest effect on the pocketbooks of military members and their families because it involves tax rates. But everything involved in the budget imbroglio remains in flux as negotiations continue to try to avoid the fall that some fear could send the nation back into a recession. President Obama said Monday that one of his top priorities is to stop the tax hike. “It appears an agreement to prevent this New Year’s tax hike is within sight, but it is not done,” he said. An agreement might also be reached to delay across-the-board budget cuts. “That is a piece of business that still h...

Full article: http://www.armytimes.com/news/2012/12/military-fiscal-cli...

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The fiscal cliff: How it could affect troops

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