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By Siobhan Hughes, The Wall Street Journal, 12/23/2011 |
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MarketMinder's View: After much political back-and-forth (as per the norm of late), Congress agreed to a two-month extension of the payroll tax cut. Expect more politicking when this comes up again next year. Either way, small, time-limited tax cuts like these aren’t nearly as impactful on the economy overall as folks hope.
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