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Tax-cut lives: Congress gives last-minute approval



Published: Fri, December 23, 2011 @ 1:54 p.m.

WASHINGTON (AP) — After weeks of bickering and doubt, Congress delivered a last-minute holiday tax cut extension to 160 million American workers today along with further unemployment benefits for millions laid off in the nation's fierce recession and weak economic recovery.

It was a convincing victory for President Barack Obama, a humbling retreat for House Republicans.

Obama quickly signed the legislation, declaring it was "some good news just in the nick of time for the holidays." But he added that serious and difficult work lay ahead for Congress and the administration after the break for Christmas and New Year's.

Back-to-back voice vote approvals of the two-month special measure by the Senate and House came in mere seconds with no debate, just days after House Republican leaders had insisted that full-blown negotiations on a yearlong bill were the only way to prevent an immediate tax increase Jan. 1.


Comments

1UnionForever(1470 comments)posted 2 years, 9 months ago

Thank you to President Obama and Harry Reid for insuring my $40 a pay stays for at least another 2 months. The Republicants have no idea what $40 a pay means to me and my family, and the many other 160 million people in this tough economy. The House under 'Boner' have shown their true red color for protecting the tax cut only for the rich 1% while 160 million Americans meant nothing to them. The made the biggest strategic mistake of their TEA Party lives on this one.

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2Veleuk(18 comments)posted 2 years, 9 months ago

Typical NEO, always looking to the goverment for their answers.

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