Cliff Alleviation at the Last Minute Act

The Cliff Alleviation at the Last Minute (CALM) Act is a bill introduced on 30 December 2012 by United States senator Joe Manchin in order to alleviate problems related to the 2012 fiscal cliff crisis.[1] The measure would spread out the tax increases over 3 years instead of them immediately taking effect, and would give the Office of Management and Budget greater flexibility in choosing where cuts would be made.[2]

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References

  1. ↑ Manchin introduces bill to ‘soften the landing’ if nation goes over ‘fiscal cliff’ - The Hill's Floor Action
  2. ↑ Manchin introduces bill to ‘ease’ cliff
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