Huge Tax Increase Looms at Year-End 'Fiscal Cliff'

October 01, 2012 at 05:50PM

WASHINGTON (AP) — A new study is detailing how taxpayers across the income spectrum would face whopping tax hikes next year if Washington fails to renew a lengthy roster of tax cuts set to expire in December.

Huge Tax Increase Looms at Year-End 'Fiscal Cliff' from U.S. News