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At the end of 2012, the U.S. economy was recovering from a deep recession. Federal budget deficits were soaring, and tax cuts for Americans of

At the end of 2012, the U.S. economy was recovering from a deep recession. Federal budget deficits were soaring, and tax cuts for Americans of all economic levels were due to expire. Economists warned that letting the cuts expire could push the economy "off a fiscal cliff

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