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You it's tax day. hold on. congress did cut your federal taxes for this year by about $173 billion. but don't expect the good time to keep rolling because former president bruusbush's expire in january. so you think you're overtaxed? i know, silly question. let's take a closer look with how you stack up with others in the same position. stephanie elam is here to separate fact from fiction. hey, steph. >> hey, kyra, yeah, it's true. a lot of people are thinking about it today of all days. but when you take a look at the numbers you might be surprised to see what you find out. so, let's take a...

From people whom april 15th is i'm infamy. you're not going to hear this at the tea party rallies. it starts with this. you and i are getting a federal income tax cut this year in the range of $173 billion. not because a lot of us are not working. it's part of the stimulus bill. that's not going to last. so enjoy it. on the other hand, state governments which have to balance their budgets have had to raise all sorts of taxes but, combined, we're talking about $30 billion extra in taxes so far. so you know, federal taxes have gone down, state taxes have gone up for most people. look at this. am...

[ michelle ] with this tool i can see how food and the time of day affect my numbers. i discovered how to wake up feeling great. [ male announcer ] discover the accu-chek aviva system and save with a prescription discount card. start your discovery today. ♪ if i had a million dollars if i had a million dollars ♪ trying hard today to explode a lot of myths about taxes. one thing is certain that you're going to have to pay taxes and people don't like them and they're lots of myths about them. i mentioned the ki in connecticut who said he doesn't mind paying taxes at all. he wrote an articl...

Quo, we only invest in reform, reform that raises student achievement, inspires students to excel in math and science. >> some of what the president's 2011 budget proposal includes, almost $50 billion for discretionary education spending, $3.5 billion increase in the current levels. most of the money would go toward reforming no child left behind, which includes money for college and career-ready preparations for kids from low-income areas, pay incentives to support teachers and principals, this is important with a lot of people. and funds to continue race to the top. that's a program that rew...

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