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Congressman Reed addresses scheduled Jan. 1 tax increases

October 28, 2012

By law, all current income tax rates will expire on Jan. 1 and all Americans will see tax increases. Those in the lowest tax bracket will see the steepest increases from 10 to 15 percent. Congressman Tom Reed is warning of the devastating effect on small business if the current tax rates are allowed to expire. Reed voted to maintain the current tax rates, but the Senate has not done so.



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