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The S&P500 Emini Futures ended the week on a high note! House lawmakers voted 293-132 today to approve the bill which will extend the current 4.2% payroll tax through the end of 2012, as well as extend prolonged jobless benefits and prevent payment cuts for Medicare doctors. The Senate quickly followed, approving the bill in a vote of 60-36.
We've wasted an awful lot of time, money and energy getting this resolved so what does it really mean? The typical family making $50,000 a year will keep about $40 with each paycheck. That pans out to $20.00 per week. Seriously? $20.00 per week for a family making $50k per year. What will $20 buy?
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