12/16/2010

The fate of a $858 billion tax compromise negotiated between U.S. President Barack Obama and Republicans is in the hands of the House, after the Senate approved the measure, 81 to 19. House leaders were set to take up the measure immediately. The bill would extend Bush-era tax cuts for all incomes for two years, continue jobless benefits for the long-term unemployed for 13 months and cut payroll taxes for one year.

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