Congressional Digest

Congressional Digest January 2011 No. 1 Vol. 90
The Tax Cut Compromise

The Bush Tax Cuts

Weighing the Costs of Short- and Long-Term Economic Recovery

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The Tax Cut Compromise

Agreement Reached by the White House and the Republicans

The following is from President Barack Obama’s opening remarks at his December 7, 2010, press conference on the tax cut agreement between the White House and the Republican congressional leadership. Before I answer a few questions, I just wanted to say a few words about the agreement we’ve reached on tax cuts. My number one priority is to do what’s right for the American people, for jobs, and for economic growth. I’m focused on making sure that tens of millions of hardworking Americans are not seeing their paychecks shrink on January 1st just because the folks here in Washington are…

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