President Obama and Congressional Republicans Compromise on Tax Cuts
This week, President Barack Obama and Congressional Republicans reached a compromise on extension of the Bush-era tax cuts. Under this compromise, the Bush-era tax cuts would be renewed in full for the next two years, and there will be a 13-month extension of unemployment benefits. Neither party is elated over the core provisions of the [...]
Congress to Consider Extension of Bush Tax Cuts
The Senate Finance Committee met recently to begin discussing the extension of the Bush tax cuts. President Obama and Democratic leaders have made it known that they intend to let the Bush tax cuts expire and instead implement a policy that increases taxes for those making over $250,000 per year. Republicans and several Senate Democrats, [...]
