Fiscal cliff could push Florida off the ledge

Fiscal Cliff (Source: Tim Teebken, Getty Images)

Congressional inaction on the fiscal cliff, with its looming year-end tax increases and automatic budget cuts, would cost Florida governments millions of dollars in federal aid and could rock the state’s still-fragile economy. Going over the cliff also could have an $8 billion effect on Florida’s economy and cost almost 80,000 jobs, analysts told legislators last week, according to The Palm Beach Post.

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