“House and Senate negotiators neared a deal to make permanent a list of major tax breaks for business, infuriating White House officials and some liberal Democrats who say the package will blow a hole in the budget deficit over the longer term while providing little for the working class,” the New York Times reports.
“The package shows how sharply power has shifted after the Democrats’ electoral defeat. Republicans are effectively steamrolling the Obama administration and the Democrats who still control the Senate Finance Committee by cutting the deal with the departing Senate Democratic leadership.”
Politico: “The agreement is not final, and its total cost is not immediately available, though aides said it will likely be at least $400 billion. The entire tally will be added to the budget deficit.”
[speech_bubble type=”std” subtype=”a” icon=”pwdome.jpg” name=””]Where’s the Tea Party? [/speech_bubble]Save to Favorites