TCS: "The Supercommittee flopped"

This week, The Tax Policy Center released a study that finds average American households will pay an additional $3,500 next year if the Bush-era tax cuts are allowed to expire. That issue, combined with sequestration, are known collectively as the "fiscal cliff."

Steve Ellis, vice-president of Taxpayers for Common Sense, authored a new report titled "Sliding Past Sequestration." He discussed those findings on Capital Insider.