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CNN Your Money July 21, 2012

on january 1st next year the bush tax cuts, those expire. those tax cuts expire. also, if do you nothing, that means if nothing changes your taxes will likely go up. at the same time, medicare doctor pay will also go down. on top of those tax increases, the very same moment massive cuts to federal spending. if current law stays in place, the government must slash $1 trillion over nine years from federal spending. half of them from defense, half from nondefense departments. the bipartis...
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