February 13, 2012
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0:40Now PlayingShare what losing 40 dollars a paycheck would mean to you and your family on WhiteHouse.gov or on Twitter with the hashtag #40dollars.
If Congress doesn't act, taxes are set to go up on 160 million hardworking Americans, and the President believes that lawmakers must prevent this middle class tax hike without drama or delay. For a family making about $50,000 a year, the payroll tax cut amounts to about $1,000 a year, or about $40 in every paycheck.
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