Economic Effects of Policies Contributing to Fiscal Tightening in 2013
Economic Effects of Policies Contributing to Fiscal Tightening in 2013. November 8, 2012 “Substantial changes to tax and spending policies are scheduled to take effect in January 2013, significantly reducing the federal budget deficit. According to CBOs projections, if all of that fiscal tightening occurs, real (inflation-adjusted) gross domestic product (GDP) will drop by 0.5 …