What congress decides to do. But i think its important for the American People to understand exactly what this fiscal cliff is. Because its actually not that complicated. The tax cuts that were introduced in 2001, 2003, 2010, those were extended and theyre all about to expire at the end of the year. So on midnight, december 31st, if congress doesnt act, then everybodys taxes go up. And for the average family, that could mean a loss of 2,000 in income. For the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that theyre less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and were seeing signs of recovery in housing and employment numbers improving. So what Congress Needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. And this was a major topic of discussion throughout the campaign.
Understand exactly what this fiscal cliff is. Because its actually not that complicated. The tax cuts that were introduced in 2001, 2003, 2010, those were extended and theyre all about to expire at the end of the year. So on midnight, december 31st, if congress doesnt act, then everybodys taxes go up. And for the average family, that could mean a loss of 2,000 in income. For the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that theyre less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and were seeing signs of recovery in housing and employment numbers improving. So what Congress Needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. And this was a major topic of discussion throughout the campaign. What i said was, that we should keep taxes where they are for 98 of americans. 97
Open house is brought to you by Coldwell Banker real estate. For over 100 years, Coldwell Banker have understood the value of a home. Coldwell banker, where home begins. Welcome back to open house. Next, we are in connecticut, and there is a billiards room. Welcome to our beautiful home, which we bought in 2006. We put a lot of hard work and love into it. We would like to come in and take a look at it. So lets go. Welcome to the kitchen. This is my absolute favorite room. It is the heart of the home. This is where the family spends many hours, and enjoy cooking together, watching television together, and really enjoying a great space. Here we are outside. When you want some private time and want to connect with nature, this is the best place to be. You can enjoy a margarita. When you are done, and it is time to go swimming in our beautiful infinity pool. The other side of the next two and walking trails. It is on the other side of this is a walking trail. It goes all of the way around.
What congress decides to do. But i think its important for the American People to understand exactly what this fiscal cliff is. Because its actually not that complicated. The tax cuts that were introduced in 2001, 2003, 2010, those were extended and theyre all about to expire at the end of the year. So on midnight, december 31st, if congress doesnt act, then everybodys taxes go up. And for the average family, that could mean a loss of 2,000 in income. For the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which ans that theyre less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and were seeing signs of recovery in housing and employment numbers improving. So what Congress Needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. And this was a major topic of discussion throughout the campaign. W