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The Late Edition: August 27, 2012

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Today's Taxpayer News!

Forbes contributor Peter Ferrara cuts through the political chatter and assumptions about Mitt Romney’s tax proposal.

A recent analysis by the Congressional Budget Office note how 2012 will become the fourth year in a row that the Federal government will be operating with a trillion-dollar deficit. The report confirms the need for Washington to act now to reduce spending and rein in the deficit.