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Breaking News: Obama Caves On Tax Cuts

Reported by Ellen - December 6, 2010 -

The LA Times reports, "President Obama proposed a compromise on the thorny political issue of tax cuts on Monday, describing a tentative agreement that would extend all of the George W. Bush-era reductions set to expire the end of this year and continue unemployment benefits for 13 months."

Think Progress wrote,

So in return for continuing the fiscally irresponsible and economically unsuccessful Bush tax policy, Democrats receive an (sic) desperately necessary extension of jobless benefits of the sort that used to be completely uncontroversial until this Congress came to town, as well as some helpful tax breaks for the working class that Republicans likely would have supported under any circumstance.



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