White House And Republicans Reach A Deal On Tax Cuts

By Karoli Kuns — December 6, 2010

A 2-year extension of all the stimulus cuts as well as all the Bush tax cuts. Extension of unemployment insurance for 13 months. A 2% payroll tax cut. Incentives for businesses to write off capital investment in one year.

Estate tax will also be liberalized. Everything expires in 2 years, just in time for the next election. Huffpost has more on the specifics.

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