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Can Washington Fix Its Debts and Deficits?
www.cfr.org-December 23, 2011
The debate over extending the Social Security payroll tax holiday, a measure that affects 160 million Americans, is only the most recent phase of the partisan struggle that has impeded efforts to forge sound fiscal policy. Parties finally agreed to a two-month extension of the tax cut, which is set to expire January 1, but lawmakers remain divided over how to pay for it over the remainder of 2012.
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