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The Late Edition: February 25, 2013

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Today’s Taxpayer News!

NTU’s Pete Sepp explains why Congress should honor the spending cuts in the upcoming sequester, but should carefully choose which areas can best sustain the cuts instead of enacting across-the-board reductions. Read more from Stars and Stripes.

On Saturday, Republican Virginia Governor Bob McDonnell put his stamp of approval on the largest tax hike in the state’s history, estimated to cost taxpayers $1.13 billion per year. Read more from Breitbart.

The recent payroll tax hike, combined with rising gas prices and persistently high unemployment, has hit lower-income Americans the hardest according to this article by WND Money.