'Fiscal cliff' deal doesn't impress them Bullet dodged. [...] the next time. Given the number of cans being kicked down the road - deficit reduction, broader tax reform, another debt ceiling - "we shouldn't feel confident everyone in Washington is now working together." [...] the local economy will take some hits, beginning with the fiscal cliff deal's increases in income tax and capital gains tax for top earners. "Given the Bay Area's high levels of income and the importance of capital gains to the tech sector, it's a negative for consumer spending and entrepreneurship," said John Silvia, chief economist at Wells Fargo. Combined with the tax increases included in California's Proposition 30, the fiscal cliff changes are "disenfranchising this high-income, high-cost state and (adding) to the problem of attracting businesses here," said Wunderman. Topping his organization's Washington agenda for 2013 are corporate tax reform and immigration reform to attract more highly skilled workers.