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What is the Fiscal Showdown?
The Fiscal Showdown refers to the convergence of a handful of expiring tax cuts that would result in the average household paying $2,000 to $3,000 more in taxes each year and scheduled spending cuts of $1.2 trillion that would hit defense and domestic spending across the board.
Essentially, to avoid a potential recession, Congress needs to figure out a way to raise more revenue in the U.S.—and fast.
What Can I Do?
Let Congress know they need to stand with the middle class and keep tax rates low for young Americans and their families.
Call your representative and make our message heard.
Write a Letter-to-the-Editor explaining what's at stake for young people in the Fiscal Showdown.
Tweet what a $2,000 tax increase would mean to you.
Share these images on Facebook, Twitter, or any other social media site — and let your friends know there's a Showdown going on!
Coverage of From Campus Progress
Students: Cut Defense Spending, Not Financial Aid
Affordable education could be on the chopping block if the sequester goes through.
Posted Thursday, January 31, 2013 by Laura Pereyra, NerdWallet
Obama Tackles ‘Fiscal Cliff’ with Campaign Strategy
After a successful re-election campaign, the President is using public support to back his policy plans for dealing with the “fiscal cliff.”
Posted Tuesday, December 4, 2012 by Sydney Hofferth
The Top 10 Reasons Why People of Color Should Care About the Fiscal Showdown
Sequestration will impact all Americans, particularly communities of color.
Posted Friday, November 30, 2012 by Sophia Kerby, Center for American Progress