VIDEO: Economists Assess Impact of “Fiscal Cliff”

As negotiators continue to avert to so called “fiscal cliff”, economists are starting to predict consequences for all Americans, regardless of whether a deal is reached. The biggest consequence for most Americans would be an increase of the payroll tax from 4.2 percent to 6.2 percent, which would result in an additional $2,000 in taxes for workers earning $100,000.

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