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By John R. Bolton
The president fiddles at his domestic altar while the world burns
Independent voices from the The Washington Times Communities
Topic - Gregory Daco
It was the tax cut that nobody noticed when Congress enacted it a year ago. Now the question is, can anyone live without it?
Exports have been a rare strength and engine of growth in the U.S. economic recovery, aided by a big push from the Obama White House — but despite the positive signs, the sector has not proven to be the plentiful source of new jobs that many supporters had hoped.
While the loss of the tax cut would affect the most people, an estimated 160 million households, the loss of unemployment benefits would cause the most hardship for an estimated 4 million to 5 million households that depend on the payments for such basic needs as food and housing, he said.
"The ongoing political feud could still turn into a breakdown of the political apparatus, and a lapse in the payroll-tax cut and emergency unemployment benefits payments," Mr. Daco said.