House Passes Tax Cut Extension; Bill Headed for Obama's Desk

After months of heated debate, backroom arm-twisting and White House negotiations, just before midnight the House of Representatives finally passed a $858 billion tax cuts package, including a two-year extension on all of the Bush-era Tax Cuts, a 13-month extension for unemployment insurance benefits, and approval of the controversial estate tax break that gives 6600 families a break worth $23 billion. The compromise that President Obama negotiated with GOP leaders in Congress to avoid a...Full Story
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