Here is an ABC News report today on the “Taxmageddon” Showdown that looms ahead between President Obama, who wants to raise taxes, and the Republican Congress that wants no increase in tax rates. The report points out that the Congressional Budget Office estimates that President Obama’s desire to raise taxes on the wealthy could cost 200,000 jobs – something others say is “digestible.”

ABC News: “Taxmageddon” Showdown Looms between Obama and GOP House; CBO Estimates Obama’s Tax Increases could Cost 200,000 Jobs – Video Report 11/10/12

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