Friday, December 17, 2010

Update: President Obama signs tax deal into law

Obama signs tax deal into law
"Washington (CNN)
-- President Barack Obama signed an $858 billion tax bill into law Friday, saying, "this is progress, and that's what (the American people) sent us here to achieve." - CNN
"The package includes a two-year extension of the Bush-era tax cuts, which are 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." - CNN

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