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>> it is 44 minutes after the hour. if no pro xhicompromise is reac fiscal cliff will hit nearly every household. $536 billion more of your mauned the average family will have to woman up with -- come up with an extra 3500 this year. taxes for nearly all americans to go up by 3 percent. >> a lot of people's eyes really glaze over when we are talking the fiscal cliff at year's end. most americans will be effected by this means more dollars affected by our pocket. >> not just the most well off americans. >> middle income families will be affected by this on average. federal income taxes will go ...

A facebook hood de. >> americans will soon be facing a serious financial crunch if congress doesn't act soon. here to break it down is diane. study by the tax policy center found nearly 90 percent of the tax hike. >> spending cuts have to take effect at the start of the new year. the study says in all taxes will go up by a collective 536 billion next year about $3,500 per household with individual impacts ranging from 3.7 percent of their after tax income. off the 120,000 dollars for top one percent earners that's a more than 10 percent cut of their income. most taxpayers will be hardest hit b...

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