WASHINGTON (MCT) — Taking the country over the “fiscal cliff” would cost American households $3,500 in higher taxes next year, on average, if Congress and the White House fail to reach agreement to stop automatic rate changes, according to a report released Monday.

Almost 90 percent of Americans would see their taxes rise through a combination of higher rates on incomes and investments, and the loss of certain tax breaks, including some enacted as part of President Barack Obama’s stimulus program that are set to expire.