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The Late Edition: October 01, 2012

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NTU’s Pete Sepp weighs in on the battle over defense spending and the cancelation of the costly F-35 fighter program.

According to a new report from the Tax Policy Center, 90 percent of Americans will be hit with higher taxes---equaling a jaw-dropping total of $536 billion for 2013---unless Congress acts to stop the batch of tax hikes and automatic cuts.