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4 Years From Tuesday: Will Obama deliver on tax cut promises?
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MONROE - President-elect Barack Obama promised to cut taxes for 95 percent of workers, about 150 million workers. Obama's plan is, in effect, a net tax cut, which would reduce revenues to about 18 percent of the gross domestic product. But Obama's proposed off-sets for the cuts could mean higher taxes and capital gains taxes for farmers, according to one certified public accountant in Monroe.