Obama to sign tax cut extension deal
December 17th, 2010
08:06 AM ET

Obama to sign tax cut extension deal

President Obama will sign the much-debated tax cuts extension and offer a public statement from the White House on Friday afternoon, according to two administration officials.

The package includes a two-year extension of the Bush-era tax cuts set to expire December 31. It also would extend unemployment benefits for 13 months, cut the payroll tax by 2 percentage points for a year, restore the estate tax at a lower level and continue a series of other tax breaks.

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Filed under: Barack Obama • Politics • Taxes
soundoff (5 Responses)
  1. Frank

    Dear President Obama,
    It appears "Hope and Change" is not looking too good right now.What always happens is that reality kicks in and the best plans of man always seem to go a stray.

    December 17, 2010 at 9:54 am | Report abuse |
  2. Barbara Atcheson

    It's time. Took too long to get it passed. Now, on to other really important bills. DADT, DREAM, US/Russia agreement. Please get these done right away. No more playing games with the important things to our country.

    December 17, 2010 at 11:46 am | Report abuse |
  3. Richard in Texas

    Let's hope the republicans make governing their primary focus and not just to make the president a one term president.

    December 17, 2010 at 2:19 pm | Report abuse |
  4. Kent iin TN

    I'am confused does this unemployment package do anything for the 99er's. I've been out of work since Dec24th 2008.

    December 17, 2010 at 2:59 pm | Report abuse |

    Thank God (sorry for the mention of God Libs, everyone knows how much you despise the reference) the anti American Socialist will be out of power come January. Its time for the adults to put this country back together and throw the loony libs back into the asylum they escaped from. Thank You GOP for not allowing Imam Obama and his band of merry radicals to divide this country even further with class warfare. Hey Libs, instead of being jealous of rich people maybe you hould consider working hard on your own and making something of your lives. But hey your Liberals, so the notion of working hard does not apply. Jealousy is much easier. LIBS ARE A DISGRACE

    December 17, 2010 at 6:28 pm | Report abuse |