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Because Less Money In Everyone's Pocket Will Do WONDERS For The Recovery
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The Urban Institute and the Brookings Institution have issued a report saying that if Congress and the White House can't get a tax deal done and we go off the "fiscal cliff," it'll cost the average American household $3,500 in higher taxes. You got $3,500 laying around? Wealthier households will get hit for $120,000 more, so that's a healthy bite. Lower income families at the low end of the tax scale will pay $400 more. Who to blame? Everyone, for their inability to make a deal, for their inability to cut back enough on spending, for their inability to care. (Los Angeles Times)
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