Congress returned this week with most people focused on the Super Committee and its prospects for producing a deficit reduction plan by the end of the year.

To recap, the Budget Control Act created a Super Committee of twelve members charged with coming up with at least $1.2 trillion in deficit reduction by the end of the year. How they devise these savings is up to them, but if they fail, we will see $1.2 trillion in automatic spending cuts equally divided between defense and domestic spending starting in 2013 and spread out over nine years.

For tax wonks, the big question …

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