Despite opposing fellow Democrats, President Barack Obama announced agreement with Republicans Monday night to extend expiring tax cuts for all Americans, renew jobless benefits and grant a one-year reduction in Social Security taxes for millions. Also, tax breaks for business that the president said would contribute to the economy's recovery from the worst recession in eight decades. With unemployment still high the economy really couldn't afford for taxes to be raised, in my opinion. Honestly, this should've been done before everything became bad.
http://news.yahoo.com/s/ap/20101206/ap_on_bi_ge/us_tax_cuts
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