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Soak The Poor, Too
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The effect of letting the payroll tax cuts expire in January? It hurt the poor and middle class and left high earners fairly unscathed. But, wait, weren't the same liberals who wanted higher taxes on the rich the ones who wanted this tax cut to go away, too? Yep, keeping the cut had little support across the board, on either side of the aisle. So the folks who voted for Obama because they wanted him to tax the rich got nailed anyway. (New York Times)
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