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Balance: Sequester cuts government budget by same percentage as payroll tax hike hit families

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Senate Minority Leader Mitch McConnell, R-Ky., put the sequester in perspective this morning, noting that the law will lower federal spending to the same degree that the payroll tax hike lowered the size of each American’s paycheck in the fiscal cliff deal. “It’s absurd to think that the government cannot get by with a little more than a 2 percent reduction in spending when every working...

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