Transition 2012Transition 2012

Resources on the foreign policy dimensions of the presidential transition

Primary Sources

PrintPrint CiteCite
Style: MLAAPAChicago Close


American Taxpayer Relief Act of 2012, January 2013

Published January 2, 2013

President Obama signed the American Taxpayer Relief Act of 2012 (also called the "fiscal cliff bill") into law on January 2, 2013. [Editor's Note: Click here for more CFR 2012 resources examining the foreign policy and national security dimensions of the presidential transition.]

According to the Press Secretary statement, the American Taxpayer Relief Act of 2012 "makes permanent the temporary rates on taxable income at or below $400,000 for individual filers and $450,000 for married individuals filing jointly; permanently indexes the Alternative Minimum Tax exemption amount to the Consumer Price Index; extends emergency unemployment compensation benefits and Federal funding for extended benefits for unemployed workers for one year; continues current law Medicare payment rates for physicians' services furnished through December 31, 2013; extends farm bill policies and programs through September 30, 2013; and provides a postponement of the Budget Control Act's sequester for two months."

More on This Topic