Fiscal Cliff: Do the Tax Hikes Worry You?

With New Year’s just around the corner, all eyes are turning to Washington, D.C., where lawmakers are working to prevent America from falling off the so-called fiscal cliff.
That cliff, according to the Huffington Post, is the automatic activation of budget cuts and tax hikes that will kick in on Jan. 1, 2013, if something isn’t done to prevent them.
As it stands right now, no agreement has been reached between the Democrats and Republicans to prevent the financial changes from occurring. Some economists say the budget cuts and tax hikes will catapult America back into another recession.
President Barack Obama is cutting his holiday vacation short, according to the Post, and is returning to Washington to try and work out a deal. Republicans and Democrats cannot agree on a solution.
Of particular concern to many is the potential

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