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Mon, Jan. 07 2013 06:23 AM EDT

Did the Fiscal Cliff Bill Increase, or Decrease, Taxes?

By Napp Nazworth
The "fiscal cliff" bill, or the "American Taxpayer Relief Act of 2012," increased taxes, President Barack Obama says. Many Republicans say the bill lowered taxes. As a corollary, Obama says the bill will lower budget deficits. But the Congressional Budget Office says the bill will require even more government borrowing. Which is correct? (A link to this page will be included in your message. )

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