HONOLULU-- President Barack Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households. The bill, which averts a looming fiscal cliff that had threatened to plunge the nation back intoBullet dodged. Until the next time. "Given the high drama, there's relief that something was done," Jim Wunderman, CEO of the Bay Area Council, said of the "fiscal cliff" deal. "It does remove some uncertainty and enables businesses to get going, atThe last-minute 'fiscal cliff' deal to reverse Congress' ruinous, self-inflicted package of federal tax increases and spending cuts will raise the average American household's tax bill by about $25 a week. But those increases are relatively modestFirst, let's review the fiscal cliff deal. The good news is that the law gets rid of a number of short-term accounting gimmicks by making permanent fixes to a broad swath of the federal tax code. The law permanently enshrines the Bush tax cuts forBullet dodged. Until the next time. "Given the high drama, there's relief that something was done," Jim Wunderman, CEO of the Bay Area Council, said of the "fiscal cliff" deal. "It does remove some uncertainty and enables businesses to get going, at
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