The Washington Post

The fiscal cliff negotiations, in one chart

A while back, we posted a chart comparing the offers presented by President Obama and House Speaker John Boehner in the fiscal cliff talks. Since then, details of Boehner's "plan B" option became clearer, and Vice President Biden and Senate Majority Leader Mitch McConnell hashed out a final deal and got it passed. So here's that same chart, with the most fleshed-out version of plan B, and the final plan, included:

Click on the chart to see a larger version. The ultimate deal contained no spending cuts (save an offset for the Medicare "doc fix"), $632 billion in new revenue ($12 billion of which comes from an IRA gimmick) and $30 billion in stimulus spending in the form of extended unemployment insurance (UI) benefits. That's a lot less revenue than Obama wanted and Boehner offered — and a lot less stimulus than Obama initially demanded — but it's also a lot less spending than either side wanted to cut initially.

UPDATE: Thanks to Marc Goldwein at the Committee for a Responsible Federal Budget for clarifying the spending and revenue figures in the final deal.

Show Comments

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.