CBS News reports that agreed late at night the House of representatives to pass the Obama tax inter alia deal you will extend the Bush tax cuts for all American taxpayers:
Trading with unusual speed, Congress President Obama sent curved, bipartisan legislation to avoid a Jan. to renew 1 spike income taxes for millions and unemployment benefits for the victims of the worst recession for 80 years late Thursday.
The measure will reduce social security taxes for almost every wage earners and billions of dollars in the still sluggish economy to pumps. CBS News Capitol Hill correspondent Nancy Cordes reports, primarily is an early Christmas present for every American taxpayer.
The Bill 81 19 came less than 24 hours after the Senate deleted 277-148 votes.
The legislation was the result of a reach across party lines between Obama and top Republicans in Congress - stubborn opponents during two years of political struggle ended, the GOP the undisputed winner in midterm elections on November 2 were.
Now awaits President's signature. In other words, it is a done deal and an early Christmas present for the American taxpayer.
Tags: Legislative watch · News · Tax policy
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