FALLING OFF THE FISCAL CLIFF

In 2013, the nation faces a

$495 BILLION
AMT PATCH - $119B OTHER - $62B OBAMACARE TAX HIKES - $23B

TAX HIKE.

LABOR FORCE PARTICIPATION RATE

EXPIRING TAX CUTS - $166B PAYROLL TAX CUT - $125B at 63.8%, down from 66%, and the

LOWEST RATE SINCE 1983

DEATH TAX
CURRENT: 8,600 families pay 35% tax rate with a $5 million exemption

FUTURE: 115,000 families will face a 55% rate with only a $1 million exemption

NATIONAL DEBT
18 16 14 12 10 8 6 4 2 0

GDP GROWTH (2007-2013)
4.00% 3.00% 2.00% 1.00% 0.00% -1.00% -2.00% -3.00% -4.00% 2007 2008 2009 2010 2011 2012* 2013**
scenario

PREDICTED IN JAN./FEB. of 2013

SOURCE: WORLD BANK *Through first 2 quarters | **Projected under fiscal cli

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