WHAT WILL BE CONSEQUENCES OF 'GOING OVER THE CLIFF'?

◼ Lawmakers and President Barack Obama are hurrying back to Washington on Thursday in what appears to be another attempt to avoid going off the fiscal cliff. In order to do that, Congress and the White House must agree on how to handle expiring tax provisions and across-the-board spending cuts, among other short-term issues that will impact the federal budget. - Kerry Picket/Breitbart

If no deal is reached, taxes will pop $2,400 for families making, on average, incomes of $50,000 to $75,000 and a CBO report says the country could lose up to 3.4 million jobs.

According to the Congressional Research Service (CRS), here are specific tax measures that will begin or expire--as well as spending cuts that will go into effect under the 2012 Budget Control Act.... at the link