On the Blog: The “Fiscal Cliff”

The post-election talk is all about a “fiscal cliff” coming at the end of the year. There might be reasons not to do it right now, but it’s hard to say that improving the government’s fiscal situation is like going over a cliff.

We went into it in a blog post entitled: “The Fiscal Cliff Isn’t a Cliff.”

Featured Items

The House and Senate have returned from campaigning and the election.

This week, the House will debate a number of bills, including H.R. 6156, the Russia and Moldova Jackson-Vanik Repeal Act of 2012.

The bill would grant normal trade relations status to Moldova and the Russian Federation, which would grant them trade advantages with the United States, such as low tariffs.

Passage of H.R. 6156 would cost about one penny per U.S. family.

The Senate will debate S. 3525, the Sportsmen’s Act of 2012.

The bill would give hunters increased access to federal lands.

There is no cost estimate for S. 3525.

H.R. 6156
The Russia and Moldova Jackson-Vanik Repeal Act of 2012
Costs $0.01 per family

S. 3525
The Sportsmen’s Act of 2012

What People Think

The Russia and Moldova Jackson-Vanik Repeal Act of 2012 66% For, 34% Against Vote on this Bill

The Sportsmen’s Act of 2012 66% For, 34% Against Vote on this Bill

Displayed below are new, updated, and passed items with their cost or savings per family.

New Items

H.R. 1063
The Strengthening Medicare And Repaying Taxpayers Act of 2011
Saves $0.36 per family

S. 1206
The Medicare Drug Savings Act of 2011
Saves $1.80 per family

S. 1894
The Justice Against Sponsors of Terrorism Act
Costs $0.00 per family

S. 3523
The Innovative Design Protection Act of 2012
Costs $0.00 per family

S. 2024
The Sandia Pueblo Settlement Technical Amendment Act
Costs $0.00 per family

S. 2279
The R.M.S. Titanic Maritime Memorial Preservation Act of 2012
Costs $0.00 per family

Updated Items

none

Passed Items

none