What the Fiscal Cliff Deal Didn't Do

The Automatic Spending Cuts and Where They Come From

For more on the fiscal cliff, read:
The Tax Hike Canard: The Right Way Down the Fiscal Cliff
Martin Feldstein
If the United States avoids increasing government spending as a share of GDP, it could actually lower tax rates since, given the U.S. tax structure, revenue generated by income taxes rises faster than GDP.

Prosperity Isn't Free: The Fair Way Down the Fiscal Cliff 
Robert Greenstein
To get out of its economic hole, the United States needs to cut spending and increase revenue. But policymakers must not let new taxes harm low-income working families.

Conference Call with Martin Feldstein and Alan Blinder on the Fiscal Cliff
Martin Feldstein, Alan S. Blinder, Gideon Rose
Gideon Rose speaks with Martin Feldstein and Alan Binder about the fiscal cliff and deals to avert it.

Infographic:
What the Fiscal Cliff Looks Like: The Tax Cuts, The New Taxes, and Who Pays

 

(Sam Pepple / Sample Cartography)

Summary: 

The deal just negotiated to avoid the fiscal cliff put off until March a decision on major spending cuts. Here is an infographic on what the budget sequester involves.