AGC and Coalition Send Letter Warning of Fiscal Cliff

This week AGC and other members of the Tax Relief Coalition sent a letter to all members of the House and Senate warning of the economic impact of the impending “fiscal cliff” that would impose about $600 billion in automatic spending cuts and tax increases on the economy in 2013.  The Coalition is urging Congress and the Administration to move quickly to avoid this crisis by extending current fiscal policy – including the expiring and expired tax provisions – and making critical and necessary reforms to our tax and entitlement systems their highest priority in the next Congress. The House is expected to vote next month on legislation to extend expiring tax provisions. For more information, please contact Jeff Shoaf at (202) 547-3350 or shoafj@agc.org.