GOP, White House Reach Deal on Tax Cuts, Unemployment Benefits

Amidst heated talk of budget problems, plan will reduce revenues and increase spending

Tuesday, December 07, 2010

People attend a rally outside of the office of Sen. Charles Schumer (D-NY) to protest an extension of tax breaks for the wealthiest two percent of Americans on December 2, 2010 in New York City. People attend a rally outside of the office of Sen. Charles Schumer (D-NY) to protest an extension of tax breaks for the wealthiest two percent of Americans on December 2, 2010 in New York City. (Getty Images)

The White House and Senate Republicans reached a tentative agreement yesterday that would see a GOP priority, Bush-era tax cuts extended for rich and poor alike, accepted in return for a Democratic priority: extending unemployment benefits to help keep the economy moving. Takeaway Washington correspondent Todd Zwillich watched the deal in the making.

Guests:

Todd Zwillich

Comments [2]

jeanne lovett from Dumont,NJ

The only fair tax is the same tax amount for everyone; no exemptions. If you make $1.00 then 5 cents goes to the government: 2 cents to the Federal and 3 cents to the State where you made it.
The Federal and State governments must live on their budget.....you know, like the average American does. Stop spending money we don't have; except to help Americans in need and better the USA.
No government spending outside the USA. Tax revenue is for Americans ONLY. Instead make all international supports or charities by private donations. Americans are the most generous peoples in the world. This way Americans decide where their hard earned monies go and not government officials who give away everything to anyone, but not from their own wallets. Revenue: Start by changing all congressional/senatorial and presidential personnel's benefits to equal those of the average American worker. They have forgotten that government in the USA is to be for the people and by the people .
Thank you .

Dec. 09 2010 10:34 PM
Rick from Connecticut Coast

re: Tax sellout to wealthy:
Neville Chamberlain Obama!

Dec. 08 2010 09:42 AM

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