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Monday, December 6, 2010

Deal Shaping up to Extend Tax Cuts, Unemployment Payments


“The Senate Republican leadership telegraphed on the Sunday-morning talk shows that a compromise to extend unemployment compensation and the George W. Bush-era tax cuts is in the offing. Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Jon Kyl (Ariz.), the Republican whip, told different interviewers that they expect Congress to vote for the tax cuts, which have been in effect for almost a decade, to continue unaltered for at least several years in exchange for an agreement to extend an emergency unemployment program that expired last week for millions of people.” (Washington Post)

The elements work at cross-purposes.

FEE Timely Classic
“Paying the Unemployed Does Not Stimulate an Economy” by James C. W. Ahiakpor