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Wednesday, December 8, 2010

postheadericon Obama surrenders on tax cuts

So President Obama and Republicans have made a deal. The only question is: Should House and Senate Democrats support it?

Yes, the deal is done. President Obama announced it yesterday. Tax cuts for millionaires will be extended for another two years â€" and, in return, unemployment insurance benefits will be extended for 13 months.

That’s the agreement reached by President Obama and Republican leaders. But now it has to be approved by Democrats in the House and Senate. And there are plenty of reasons for them not to like it.

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