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Social Security taxes rose after a temporary cut, in place for two years, expired Jan. 1. The increase means a person earning $50,000 a year will have about $1,000 less to spend in 2013. A household with two high-paid workers will have up to $4,500 less. Economists said they were looking for modest improvements in consumer confidence in coming months as long as job growth keeps improving. "After getting slammed in December, consumer confidence is starting to stabilize," said Chris G. Christopher, senior economist at Global Insight.
[Associated
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