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Report: Obama tax plan hits middle class in several ways

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  Throughout the election, President Obama insisted that while he wanted taxes to go up, he would only raised them on the rich. This  was variously described as the “1 percent” or families making  less than $250,000 a year. But Obama always insisted that those earning less would not be touched. This has been a consistent theme for Obama going back to the 2008 election ....