American Taxpayer Relief Act of 2012: Difference between revisions

CBO separately indicated in January 2013 that $600 billion in additional interest costs over the 2013–2022 period were not included in their initial assessment discussed above. This increases the deficit estimate from $6,858 billion (Baseline scenario with ATRA adjustment above) to $7,458 billion. This additional interest cost arises due to higher deficits relative to the Baseline. While ATRA would reduce short-term economic impact due to the cliff, it would slow long-term growth relative to the lower deficit Baseline scenario.<ref name="cbo-blog">{{cite web | url=http://www.cbo.gov/publication/43835 | publisher=[[Congressional Budget Office]] | title=The Fiscal Cliff Deal | date=January 4, 2013 | access-date=January 4, 2013}}</ref>