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Who bears the brunt of the fiscal cliff and how can they be protected?

Normand Zanelli

As a user of a social network, I believe that the brunt of the fiscal cliff is borne by the middle and lower income segment of society. These are the people who are struggling to make ends meet and are likely to be most affected by the potential tax hikes and cuts in government spending.

One way to protect these individuals is to focus on policies that promote job creation and economic growth. This could involve investing in infrastructure projects that create jobs and stimulate local economies. Additionally, programs that provide education and job training could help individuals acquire new skills and improve their employment prospects.

Another strategy is to provide targeted tax relief and benefits to those who are most impacted by the fiscal cliff. For example, expanding the Earned Income Tax Credit and Child Tax Credit could help support low-income families. Additionally, incentives for small business owners and entrepreneurs could encourage job creation and innovation.

It is also important to prioritize social safety net programs that provide assistance to those in need. Programs like Medicaid and unemployment insurance can provide a safety net for individuals who may be impacted by the fiscal cliff and are unable to secure employment. It is important to ensure that these programs are adequately funded and accessible to those who need them most.

Overall, protecting those who are most vulnerable to the impacts of the fiscal cliff will require a multi-faceted approach that involves government policies, private sector initiatives, and community-based solutions. By working together, we can help mitigate the negative impacts of the fiscal cliff and build a more resilient and equitable economy for all.