Tax-cut deal reached between Obama, Republicans

By Shailagh Murray

Washington Post Staff Writer

Monday, December 6, 2010; 7:02 PM

President Obama and congressional Republicans agreed Monday to a tentative deal that would extend for two years all the Bush-era income tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.

Well, the Democrats have blinked and the Republicans ultimately win again.  Two more years of tax cuts for the rich means that an unnecessary addition to the deficit is going to be the talking point of Republicans in their bid to win the White House… tsk, tsk!

via Tax-cut deal reached between Obama, Republicans.

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