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Saturday, December 18, 2010

Obama joined the agreement of tax-Cut (portfolio)

President Barack Obama signed afternoon in right invoice tax 858 billion that it has negotiated with the Republicans this month.

In comparison with previous signing ceremonies Obama important legislation, it is a subdued affair. Chamber President Nancy Pelosi was not standing by side of the President with a big smile on his face - in fact, the San Francisco Democrat is same during the signing, which was held at the Eisenhower Executive Office building at the White House. Leader of the majority of the Senate Harry Reid did there either.

Senate minority leader Mitch McConnell was however. Kentucky Republican has played a role in the negotiation of the agreement with the Obama and convince most of his Republican colleagues to go with it.

In his brief remarks, Obama gave a nod to bipartisanship. He noted that he loved not parts of the agreement extends to all Bush-era two years including breaks for the wealthy American tax cuts. But he said that the transaction is a victory for the American middle class, who would otherwise face more taxes on January 1 – an increase of $3,000 for an average family.

"Which would not only have dealt a blow their - there was a blow to our economy as we are going to climb a devastating recession,"Obama said.""

In addition, 155 million workers will more money in their paychecks month next thanks to a reduction in rate of two of their contributions. This will be an additional amount of $1,000 in the pocket of the average worker next year, said Obama.

"This is real money that will make a real difference in people's lives," said the President.

Tax breaks for companies, such as expenditure capacity 100% of the capital investments next year, to "take the reins of the recovery and propel the economy," encourage the President said.

In addition, 2 million Americans lose their unemployment at the end of this month, thanks to 13 months of Bill of emergency unemployment benefits extension controls.

Giving consumers more money to spend and companies providing incentives to grow are "stimulate demand, stimulate employment and strengthen our economy," said Obama.

The bipartisan talks that led to this compromise tax package can serve as a model for the future, the President said, although he acknowledged it will be time "is not the spirit of Christmas as abundant as it is today."

Tough choices ahead to address federal budget deficits, he noted. But put aside partisanship and "political games" allow "revive the economy," also "would refresh the American people faith in the ability of their leaders to govern in difficult moments," said Obama.

Today, in the spirit of the season, the President is no longer in hostage takers Republicans. He even shook hands McConnell. This civility was a gift to the Christmas United States nice - perhaps even better than tax cuts.

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