The Fiscal Cliff and the Lame Duck Congress with Tim Penny

Date: 10/30/2012

Time: 7:00 PM - 8:30 PM

Location: 417 University Square

Cost: Free

Description:

Congress has not approved a budget in three years as Democrats and Republicans refuse to negotiate. Now, worried about offending voters with an election looming, politicians have again delayed action on a budget. But a fiscal cliff looms at the end of this year – making it dangerous to postpone action any longer. Absent a budget agreement, the Bush era tax cuts will go away – raising taxes on every American, as will the Obama payroll tax cuts, increasing Social Security taxes by 2%. Will the President reach a budget deal with Congress in a “lame duck” session between the election and the end of the year? What kind of agreement might they seek? What if they fail?

Speaker: Timothy Penny, President/CEO of Southern Minnesota Initiative Foundation

Contact:

  • Name: Nick Anderson
  • E-mail: and03356@r.umn.edu
  • Phone: 507-258-8053
  • Sponsored by: UMR CONNECTS

More information: http://r.umn.edu/academics-research/programs/cepd/umrconnects/

Disability Options: To request disability accommodations, please e-mail umrinfo@umn.edu or call 1-800-947-0117.

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