Guy W. Farmer

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December 9, 2012
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Guy W. Farmer: Compromise needed to avoid 'fiscal cliff'

My friend and fellow columnist Sam Bauman is surprisingly sanguine about the looming, year-end "fiscal cliff," which he describes as a "fiscal slope" with minimal impact on seniors and low-income Americans. I beg to differ, respectfully of course.

"Seniors alarmed by all the dire warnings about a 'fiscal cliff' ... on Jan, 1, 2013, can relax a bit," Sam wrote last Tuesday. "Taxes will go up, but over a year-long period, so the initial impact won't be dire." The fact is that an average family will sustain a $2,000 federal income tax increase in 2013 if President Obama and Congress …

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The Nevada Appeal Updated Dec 9, 2012 01:11AM Published Dec 9, 2012 01:10AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.