DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Tax Deal: GOP to allow unemployment checks to resume in return for tax cuts for rich

**SQiTmhuY** · 12-06-2010, 10:31 PM

Daily Caller: http://dailycaller.com/2010/12/06/ob...r-all-incomes/

President Obama and congressional Republicans have reached a tentative deal to extend the Bush tax cuts for all income and are presenting the proposal to congressional Democrats Monday afternoon, The Daily Caller has learned.

The deal will extend the current tax levels for two more years, preventing taxes from going up on any income levels, despite the wishes of many liberal Democrats — including Obama — that individuals making more than $200,000 a year and families with more than $250,000 a year in income see their rates go up.

In exchange, Republicans have agreed to extend unemployment insurance for an additional 13 months.

Obama presented the proposal to Democratic congressional leaders at the White House Monday afternoon, seeking to obtain their approval for the deal.

12-06-2010, 10:31 PM	#1
SQiTmhuY Join Date Oct 2005 Posts 500 Senior Member	Tax Deal: GOP to allow unemployment checks to resume in return for tax cuts for rich Daily Caller: http://dailycaller.com/2010/12/06/ob...r-all-incomes/ President Obama and congressional Republicans have reached a tentative deal to extend the Bush tax cuts for all income and are presenting the proposal to congressional Democrats Monday afternoon, The Daily Caller has learned. The deal will extend the current tax levels for two more years, preventing taxes from going up on any income levels, despite the wishes of many liberal Democrats — including Obama — that individuals making more than $200,000 a year and families with more than $250,000 a year in income see their rates go up. In exchange, Republicans have agreed to extend unemployment insurance for an additional 13 months. Obama presented the proposal to Democratic congressional leaders at the White House Monday afternoon, seeking to obtain their approval for the deal.
	Quote