Cliff Alleviation at the Last Minute Act
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The Cliff Alleviation at the Last Minute (CALM) Act is a bill introduced on 30 December 2012 by United States senator Joe Manchin in order to alleviate problems related to the 2012 fiscal cliff crisis.[1] The measure would spread out the tax increases over 3 years instead of them immediately taking effect, and would give the Office of Management and Budget greater flexibility in choosing where cuts would be made.[2]
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