It took months of debating back and forth between Republicans and Democrats, as well as numerous compromises that left both sides not completely satisfied with the final result, but an extension on the Bush era tax cuts has finally been reached. (…)
After initially knocking down the agreed upon bill by President Barack Obama and Republicans in the United State Senate, the House of Representatives have come to terms on an agreement and passed the bill. (…)
Earlier this week, President Obama and the Republican Party came together and agreed on a package deal that would extend the Bush era tax cuts for all American citizens for the next two years, extend the unemployment benefits as spelled out by the 99 Weeks extension for another thirteen months, reduce the payroll tax by two percent until 2012, a decrease the estate tax as well, and an extension of tax breaks for college students and their families. (…)
After months of going back and forth on how the tax cuts instituted by former President George W. Bush should be extended, Republicans and Democrats finally agreed to terms on a new plan that would extend the tax cuts as they are for two years. (…)
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