1615 Duke Street, Alexandria, VA 22314, 703-528-0700 | firstname.lastname@example.org.
AASA is your advocate, with the resources you need to support all of your initiatives.
One sentence summary: The Congress did act in time to avoid sending the nation over the fiscal cliff, though the final bill fails to address some of the nation’s longer-term fiscal challenges, setting Congress—and the nation—up for another round of heated debate and discussion as early as next month.
Giving credence to the concept of ‘better late than never’, the House passed the fiscal cliff bill the Senate had adopted earlier this week. There was a bunch of political posturing (both sides of the hill, both sides of the aisle) that I won’t detail here. All we need to know is that the nation barely avoided the fiscal cliff. I’ve bulleted the details below. Take care to read the full summary, though, as the deal Congress passed is not comprehensive and sets the stage for an additional set of fiscal conversations in the next two months that could prove just as heated and damaging.
You can read the full text of the bill.
What’s IN the Fiscal Cliff Deal
Education-Related Tax Provisions in the Fiscal Cliff Deal (Hat Tip: CEF!)
What’s NOT in the Fiscal Cliff Deal
View The Leading Edge Blog archive