Tax Cut Deal
The Republican-led House of Representatives have caved on their demands and will pass a two-month extension on the payroll tax cut, following the Senate’s lead.
President Barack Obama’s tax-cut deal with the GOP leadership was supposed to be a bi-partisan plan. Instead, it’s drawing bi-partisan fire as it makes its way through Congress.
The battle over the Obama-GOP tax cut compromise passed its first hurdle in the Senate Monday evening after a test vote received a filibuster-proof majority.