Americans could see large tax hikes facing fiscal cliff

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Americans could see large tax hikes facing fiscal cliff

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Americans could see large tax hikes facing fiscal cliff

CBSTV Videos 1:59 mins

Unless Congress and the president reach a budget deal by December 31, tax experts say 90 percent of American families will be faced with what they call "unprecedented tax increases." Wyatt Andrews reports on the penalties of going over the fiscal cliff.

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