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Tuesday, February 17, 2026

Obama tax-cut plan: easing risk of ‘fiscal cliff’?

Obama tax-cut plan: easing risk of 'fiscal cliff'? (via The Christian Science Monitor)

President Obama didn't use the word "fiscal cliff" Monday when he proposed extending middle-class tax cuts, but his proposal relates directly to the fears embodied in that phrase. The so-called cliff is this: Under current law, the scheduled expiration of major tax breaks at year end raises worries…


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