Truthdig - Tag - Tax Deal

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Tag: Tax Deal

White House / Pete Souza

Congress Passes Obama-Bush Tax Cuts for the Wealthy

After a brief show of disapproval, the House went along with the Senate to extend George W. Bush’s gift to the yachting community for another two years. President Obama negotiated the compromise, which will add $858 billion to the deficit, thanks in part to generous giveaways to rich Americans—and not just those who are living.