Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
The SpaceX mission
A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station. Slideshow
Obama reaches agreement with Republicans on taxes
U.S. President Barack Obama reaches out over a barricade to greet people after stepping off Air Force One in Greensboro, North Carolina December 6, 2010.
Credit: Reuters/Jim Young
WASHINGTON |
WASHINGTON (Reuters) - President Barack Obama said on Monday he had reached an agreement with Republicans on how to extend expiring tax cuts.
He said the compromise's provisions including a 2 percent payroll tax cut for next year, extending jobless benefits for 13 months and extending tax cuts for all Americans -- including the wealthiest -- for two years.
(Reporting by Patricia Zengerle, editing by Matt Spetalnick)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Hmm. Extending jobless aid will cost $65 billion, and the Republicans want that paid for.
Notice the silence otherwise? No word from anyone regarding the $700 billion extending the tax cut for the wealthiest people will cost, nor however much it will cost (both in lost revenues for the government) for those not among the wealthiest. But the Republicans aren’t demanding that those far larger expenses be made up elsewhere. Wonder why.
Maybe it has something to do with not p.o.’ing voters — you think?
Trading $1.4 trillion in welfare for the rich for $65 billion for victims of Wall street greed is a fatally flawed idea. It is a trap. This $1.4 trillion will eventually be taken from the entitlements we have paid for. Please do not let the Senate Republicans take from the pooor and give to the rich.
Just because Pres. Obama says it is for the “middle class” does not mean your headlines need to endorse his spin tactic of leaving out the “upper class” in his qoute.
Follow Reuters