Alex Brill and Ethan Pollack talked about how the upcoming “fiscal cliff” could affect the income tax cuts passed in 2001 and 2003 under President George W. Bush, and extended in 2010 under President Obama. They responded to telephone calls and electronic communications.
“Fiscal cliff” 'referred to impending tax increases and budget cuts at the end of 2012 if Congress failed to reach a new budget agreement.