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Renew The Tax Cuts: Good Politics, Bad Economics?

05:17
President Obama, shown here in 2008 in New Hampshire, vowed he wouldn't raise taxes for families earning less than $250,000. Keeping the campaign promise would add billions to the deficit every year. (AP)
President Obama, shown here in 2008 in New Hampshire, vowed he wouldn't raise taxes for families earning less than $250,000. Keeping the campaign promise would add billions to the deficit every year. (AP)

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