OBAMA AND THE REPUBLICAN PARTY AGREE ON SOMETHING: TAX CUTS

Well that was quick. Not that he has the support of progressives, but President Obama said today that he has reached an agreement with Republicans on how to extend expiring tax cuts.

He said the compromise’s provisions including a 2 percent payroll tax cut for next year, extending jobless benefits for 13 months and extending tax cuts for all Americans – including the wealthiest – for two years.

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