Surely, during one of the most severe economic downturns in our nation's history, Americans of all stripes fastidiously check their paystubs to calculate exactly how much withholding the local, state and federal governments are taking. What's that? You don't? You didn't know that payroll taxes have been reduced by two percent since the beginning of last year?
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Well you do now. And that's the big bonus to the Obama victory on the payroll tax cut, a previously lesser known component of the 2010 deal on the Bush tax cut extension. The very public fight over the legislation has been won by Democrats eyeing traction in 2012, igniting media interest in the policy and subsequent image of the House GOP with political egg on their face.