Cancel 2016.2
The Almighty
Under any definition of the term, the fiscal cliff deal is a tax cut. The extended Bush tax rates expired December 31, 2012 at 11:59 p.m. and the Clinton rates kicked in at 12:00 a.m. January 1, 2013. Then the fiscal cliff deal passed and was signed by Obama, cutting the now-increased rates back down.
No, it most certainly is not. The Bush tax cuts were permanently extended for those under $400/450k. Only a partisan hack would pretend otherwise.