The Fiscal Cliff Is Devastating to Blacks

BlackAmericaWeb‘s Michael H. Cottman says that when it comes to African Americans, discussion of the details of the looming deadline isn’t entertaining, but it’s important.

The Obama administration released a report Thursday that explains how the so-called “fiscal cliff” impacts African Americans at a time when so many black families are struggling to make ends meet.

The report highlights the number of middle class families impacted by a tax increase on Jan. 1, including the number of African Americans that could lose their tax credits for children, college and small business.

It’s significant information to share since there are many black Americans who don’t fully understand details about the fiscal cliff simply because it hasn’t been broken down specifically for African Americans.

It’s not entertaining, but it is important.                       

The administration says in addition to the report, the White House is

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