Why We Build Fiscal Cliffs
Harvard Business Review
NOVEMBER 21, 2012
One issue right now is that the biggest element of the fiscal cliff — the scheduled expiration of the Bush tax cuts of 2001 and 2003 — is less the product of conscious pre-commitment than of American legislative complexity. In 2010, Congress voted to extend the 2001 cuts for two years. So, is any of this good policy?
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