Fiscal cliff: Colorado stands to lose $2.1 billion without a deal (Denver Post)

November 30, 2012 – Colorado stands to lose $2.1 billion in economic revenue and federal funds that will hammer defense contractors, elderly-community centers, local governments and more next year, mounting increasing pressure on Congress to unearth a solution to the “fiscal cliff” before Jan. 1. The stark economic impact of the “cliff” — an end-of-year blend of deadlines and policy changes that include the end of Bush-era tax cuts for all income brackets and a $109 billion chop to domestic and military spending — comes from estimates from the business community, the defense-contracting sector and the governor’s office.

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