Its importance, implications and Possible solutions/ramifications.
Structure of the paper should be as follows: I. Background:Definition,
legislative history , laws leading to fiscal cliff II. The Players:
Republican Position; Democratic Position; Executive Branch Position
III Effects: Tax increases and spending cuts -- what was projected to
happen if legislation was not passed and what actually happened.
Discuss the main provisions of the American Taxpayer Relief Act that was
passed on January 1, 2013. IV. Predictions: After Sequestration
started in March 2013 what is the ramifications of it and list future
possiblities for a solution....
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