November 27, 2012
Bloomberg - Geithner Keeps Withholding Freeze as Weapon to Curb Cliff
The Obama administration has a way to blunt about half of the fiscal cliff’s economic fallout for 2013, even if Congress stays deadlocked: Freeze paycheck withholding levels.
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The Treasury Department has a “huge amount of discretion,” said Bryan Camp, a tax law professor at Texas Tech University in Lubbock.
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