Writing Four (4) pages for “The Fiscal Cliff” contained in the U.S. Budget Control Act of 2014.
1-Tax component of the Act – allowing Bush tax cuts to expire.
2- Spending component of the Act – Across-the-Board spending cuts in the Federal government budget.
3- “Sequestration” – what does it mean?
4- Who will be affected?
5- Who will benefit?