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The 16-Percent Solution—Hard on the Rich

The fate of The Temporary Payroll Tax Cut Continuation Act of 2011 remains uncertain. But thanks to a carefully crafted technical change to the current payroll tax cut, the Senate version prevents a...

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Note to the Rich: Don’t Spend All of Your Payroll Tax Cut Yet

After much anguish, Congress finally extended this year’s payroll tax cut for two more months. The final bill passed in nearly empty chambers a couple of days before Christmas.But this version differed...

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