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When you are filing your taxes this year, you will benefit from $160 billion of tax relief for middle-class families that President Obama secured this past December -- in addition to extending unemployment insurance, the 2001 and 2003 middle-class tax cuts and other key provisions. If you are one of the nearly 160 million Americans benefitting from the payroll tax cut, which was in the same package of middle-class tax relief, you are already seeing the additional savings in your paycheck.
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