On Cyber Monday, the White House released a report detailing the effect of ending middle class tax cuts by going over the fiscal cliff on consumer spending. The report, from the National Economic Council and the Council of Economic Advisers, finds that consumer spending could drop by close to $200 billion in 2013 from tax hikes alone.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=163185