Why CEOs Love the Fiscal Cliff Deal
January 4, 2013
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8:38Now PlayingWhy CEOs Love the Fiscal Cliff Deal
YouTube Description
as posted by the channel"By passing legislation to avert at least part of the so-called "fiscal cliff," the combination of tax increases and spending cuts that was set to take effect at the beginning of the year, Congress avoided income tax increases on households that make less than $450,000 a year. The deal still raises taxes on 77 percent of American households, though, because Congress did not include an extension of a temporary payroll tax cut meant to stimulate the economy."*
Corporate CEOs may favor the fiscal cliff deal- complete with raised taxes for them- more than you might suspect. Why? What's in it for them? Cenk Uygur breaks it down.
*Read more from Travis Waldron/ Think Progress:
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