The wait is finally over. On Monday, President Obama unveiled a compromise deal to extend all expiring Bush-era tax cuts for all Americans for two years and to renew benefits for the long-term unemployed for 13 additional months. The tentative deal is expected to extend breaks on dividends and capital gains and also calls for a 2 percent employee payroll tax cut. Obama also acceded to Republican demands on the federal estate tax by agreeing to a maximum 35 percent tax with a $5 million individual exemption level. While Democrats called Obama's proposal "fiscally irresponsible" and "grossly unfair,"Republicans were more pleased with the new tax cuts deal calling it "encouraging." The tax compromise will now move though both houses of Congress in the lame duck session of Congress.
The following are the links to the selection of the various media coverage of the deal:
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