President Obama Signs the Tax Compromise

[amb123]

Obama salutes new spirit of political compromise as he signs massive tax cut package.

The package retains Bush-era tax rates for all taxpayers, offers 13 months of extended unemployment benefits to the jobless and attempts to stimulate the economy with a payroll tax cut for all workers.

By JIM KUHNHENN , Associated Press

WASHINGTON - President Barack Obama signed into law a huge, holiday-season tax bill extending cuts for all Americans on Friday, saluting a new spirit of political compromise as Republicans applauded and liberals seethed. The benefits range from tax cuts for millionaires and the middle class to longer-term help for the jobless.

The most significant tax legislation in nearly a decade will avert big increases that would have hit millions of people starting in two weeks on New Year's Day. Declared Obama: "We are here with some good news for the American people this holiday season."

"This is progress and that's what they sent us here to achieve," Obama said as a rare bipartisan assembly of lawmakers looked on at the White House.

http://www.startribune.com/politics/112058399.html

It's now official. Just for the record.

[earthside]

1. Reaganomics.

Obamanomics revealed: Reaganomics lives.

[niceypoo]

2. I do not recognise the Democratic party anymore

[Name removed]

4. Deleted message

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[mtnsnake]

3. Great. So now the Bush Tax Cuts are officially the Obama Tax Cuts.

Are we supposed to be proud of that?

[avaistheone1]

5. How sweet. Now the wall on Social Security has been taken down

so the republicans can cut it down to nothing.

Great job Obama. :argh:

[4dsc]

6. This was no compromise

Republicans STOOD THEIR GROUND so there was no compromise with them. The only capitulation was on the part of President Obama.