For Obama, Tax Deal Is A Back-Door Stimulus Plan The New York Times reports: “Mr. Obama effectively traded tax cuts for the affluent, which Republicans were demanding, for a second stimulus bill that seemed improbable a few weeks ago. Mr. Obama yielded to Republicans on extending the high-end Bush tax cuts and on cutting the estate tax below its scheduled level. In exchange, Republicans agreed to extend unemployment benefits, cut payroll taxes and business taxes, and extend a grab bag of tax credits for college tuition and other items.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=117295