Obama Compromise Would Extend All Bush-Era Tax Cuts for Two Years

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The latest news regarding 2011 tax rates indicates that tax rates may very well remain intact for 2011.

The President and congressional Republicans have agreed to extend all of the “Bush-era” tax cuts for two years, continue unemployment benefits for 13 months and temporarily reinstate the estate tax at 35%.  Congressional Democrats have yet to sign on to the compromise, under which the Presidents and Congressional Democrats would give up on their effort to limit the tax-cut extension to families with an annual income of less than $250,000. 

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