Unemployment-Tax Deal Reached

Breaking news on a deal to extend tax cuts and unemployment benefits:

President Obama and congressional Republicans agreed Monday to a tentative deal that would extend for two years all the Bush-era income tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.

This will revive the tax debate just in time for the 2012 presidential election. Won’t that be fun?

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