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Cut One, Raise Another
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How's Obama planning to pay for his payroll tax cut? What did you expect? He'll raise taxes on the "wealthy," which he says is people making over $200,000 (families $250,000) a year. Is $250,000 that wealthy for a family of four or more these days? If you live in, say, New York, is $200,000 wealthy? How he'd do it is to limit or eliminate deductions. Is that going to fly? (New York Times)
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