What is the Fiscal Cliff?

Posted at: 11/09/2012 9:28 PM
Updated at: 11/09/2012 10:00 PM

You've been hearing a lot about the Fiscal Cliff lately, the end of Bush-era tax cuts. On Friday, President Obama called on Congress to make tax cuts permanent for the middle class, but impose new taxes on the rich.

House Speaker John Boehner said, “Going over the Fiscal Cliff and raising taxes on job creators is no solution.”

Brennan Redmond from Brighton Securities was a guest on Roc City Tonight Friday and spoke about what it means for most Americans. To see the interview, hit play on the video player above.