a:3:{s:16:"field_story_body";a:1:{i:0;a:2:{s:5:"value";s:1780:"<span style="font-size: larger;">The following is an excerpt from an article from the Heritage Foundation on the tax increases that will occur in January of 2012 if nothing is done by congress between now and the first of the year.</span><br />
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<em><span style="color: rgb(128, 0, 0);"><span style="font-size: larger;">&ldquo;If President Obama and Congress fail to act this year, an enormous, unprecedented tax increase will fall on American taxpayers starting on January 1, 2013. The Washington Post called the looming tax increase &lsquo;Taxmageddon,&rsquo; and Federal Reserve chairman Ben Bernanke called it a &lsquo;massive fiscal cliff.&rsquo;&rdquo;</span></span></em><br />
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<span style="color: rgb(128, 0, 0);"><em><span style="font-size: larger;">&ldquo;This impending tax increase is mostly the result of the expiration of many long-standing policies that all expire at the end of 2012. President Obama and Congress should start working together now to prevent this massive tax increase rather than waiting until the end of the year. That would assure families, businesses, and investors that their taxes will not rise sharply as the economy is still staggering to its feet and show the voters that Washington really can get important things done&mdash;even in an election year.&rdquo;</span></em></span><br />
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<span style="font-size: larger;">To read the rest of the article to see how you will be impacted click on the following link:</span><br />
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<a href="http://www.heritage.org/research/reports/2012/04/taxmageddon-massive-tax-increase-coming-in-2013"><span style="font-size: larger;">http://www.heritage.org/research/reports/2012/04/taxmageddon-massive-tax-increase-coming-in-2013</span></a><br />
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