The Note’s Must-Reads for Friday, December 3, 2010

By Jayson

Dec 3, 2010 3:03am

The Note's Must-Reads are a round-up of today's political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com

Compiled by ABC News Digital News Associates and Desk Assistants JAYCE HENDERSON, JACQUELINE NG FERNANDEZ and KATY CONRAD

PRESIDENT OBAMA / ECONOMY / TAXES:
ABC News’ Matthew Jaffe: “Line 'Em Up, Knock 'Em Down: Senate Could Hold Flurry of Tax Cut Votes as soon as Friday” Now that the House has passed a permanent extension of the Bush tax cuts for individuals earning under $200,000 a year and couples under $250,000, the Senate is set to hold multiple tax cut votes in the coming days, possibly as soon as Friday, according to multiple Democratic aides. LINK

The New York Times’ David Herszenhorn and Jackie Calmes: “Obama Seeking Aid for Jobless in Any Deal on Tax Cuts” The Obama administration is holding out for an extension of unemployment assistance and of a variety of expiring tax breaks for low-wage and middle-income workers as part of a deal with Congressional Republicans to extend all the Bush-era tax cuts. LINK

The Washington Post’s Lori Montgomer and Shailagh Murray: “Obama, GOP in quiet talks to extend tax cuts” The White House and congressional Republicans have begun working behind the scenes toward a broad deal that would prevent taxes from going up for virtually every U.S. family and authorize billions of dollars in fresh spending to bolster the economy.  LINK

Wall Street Journal’s Janet Hook: “Tax-Cut Vote Shows Democratic Divide” The House approved legislation Thursday that would extend current tax rates on income up to $250,000 while allowing taxes on higher earnings to rise, a largely symbolic vote that pointed to divisions among Democrats in the waning days of their dominance on Capitol Hill. LINK

The Hill’s Alexander Bolton: “Senate Democrats to Force GOP to vote on tax cuts this Saturday” Senate Majority Leader Harry Reid (D-Nev.) plans to schedule two votes on Saturday on Democratic plans to end Bush-era tax breaks for the nation’s highest income earners. LINK

FOREIGN AFFAIRS:
Bloomberg’s Bomi Lim and Saeromi Shin: “South Korea's New Defense Chief Threatens Air Strikes on North South Korea’s new defense minister vowed retaliation that would include airstrikes if North Korea makes another attack following last month’s deadly artillery bombardment. “I will mobilize all combat capabilities available to severely punish the enemy,” Kim Kwan Jin, former chairman of the Joint Chiefs of Staff, said today at a confirmation hearing. LINK

CHARLES RANGEL:
Los Angeles Times’ Richard Simon: “House censures Rep. Charles Rangel” After high political drama and an emotional debate, the House of Representatives censured Rep. Charles B. Rangel (D-N.Y.) on Thursday for ethical misconduct, meting out its first such punishment in nearly 30 years. LINK

Politico’s Josh Bresnahan and Jonathan Allen: “House censures Charles Rangel by overwhelming vote” The House voted overwhelmingly on Thursday to censure Rep. Charlie Rangel (D-N.Y.), who pleaded for leniency but now finds his 40-year career tarnished after his colleagues rebuked him using a rare form of public punishment for ethics violations.  The vote was 333-79, with 77 Democrats and two Republicans voting against censure, the harshest form of punishment short of expulsion from Congress. LINK

ENVIRONMENT:
Newsweek’s Daniel Stone: “Green-Dot-Gov” To the hungry environmental community, it’s been a year of very poor yields. A comprehensive energy and climate bill that passed the House never made it to the floor of the Senate. A devastating oil spill led to little action on reducing offshore drilling and on energy exploration. LINK

SENATE / HOUSE / GOP / DEMOCRATS:
USA Today’s Elizabeth Weise: “Food-safety bill hits trouble” Senator and House leaders expect to spend the weekend looking for a way around a technical snafu that could scuttle a broadly supported food-safety bill over two years in the making. But it may not matter, as some representatives from agricultural states may vote against it because of an amendment they fear will hurt the produce industry. LINK

The Washington Times’ Ralph Hallow: “GOP officials say they were blindsided by Steele panel” Top Republican Party officials said Thursday that they have been kept in the dark about hundreds of thousands of dollars spent in Tampa, Fla., by a committee temporarily headed by Republican National Committee Chairman Michael S. Steele, a committee at the heart of new questions about Mr. Steele's tenure. LINK

OTHER:
Bloomberg’s Flavia Krause-Jackson and Viola Gienger: “Military Chiefs to Offer Stance on Gay Ban After Pentagon Study” U.S. military chiefs will testify today whether they support the prohibition on openly gay service members, days after a Defense Department study determined that repealing the ban poses a “low risk” to the effectiveness of the armed forces. LINK

ABC NEWS VIDEO:
“Charlie Rangel: Vote For Censure Was 'Political'” LINK
“Obama on Taxes: 'I Believe It Will Get Resolved'” LINK

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