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Obama reaches agreement with Republicans on taxes
December 6, 2010 / 4:33 PM / 7 years ago

Obama reaches agreement with Republicans on taxes

WASHINGTON (Reuters) - President Barack Obama said on Monday he had reached an agreement with Republicans on how to extend expiring tax cuts.

<p>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. REUTERS/Jim Young</p>

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

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