Obama has proposed tax agreement announced unemployment benefits

Barack Obama on Monday for a year or two percentage points while lowering the payroll tax, for 13 months during a period of two years, the Bush tax cuts and announced a deal with Republican leaders would extend unemployment benefits.

Both sides, the White House tried to reconciliation talks, including the Treasury Department and congressional leaders, including the provisions do not like each party, Obama Democratic leaders to discuss the proposed deal with reporters after a hastily arranged statement.

"It's not perfect," is Obama's 2009 students and their families, and businesses will continue to stimulate the bill contains tax relief for next year, whether you plan to eliminate all investments, he said. "We are looking for the American people to solve problems we can not play politics at a time."

Obama and resources set by the president, appointed by the president and Republican leaders say the federal deficit commission, the agreement now or in the coming years billions of dollars more than federal spending would add up to hundreds of low income must be controlled in federal debt.

Too many Democrats in Congress agreed to the demands of the Republican Party, said the deal with the first concern has been expressed.

"I'm not happy about it all. Commitment Before I kind of want to see all the details," said Ohio Democratic Senator Sherrod Brown CNN. Obama Republicans "moved" when asked, Mr Brown said: "I do not know that I crashed I thought he might have got a better deal .."

Vice President Joe Biden, the Senate Democratic leadership aide, according to one "defense agreement," Senate Democratic weekly policy lunch on Tuesday, will attend the Capitol.
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Houses, especially liberal Democrats, lame-duck session before the end of the rebel Congress to win approval for the plan would jeopardize the opportunity. With the Bush-era tax cuts expire at the end of the year, Obama's people to act now to continue to launch more important political struggle, he said.

"I'm ready to let us continue the struggle within his own party and other parties know that some people," Obama said. "I like you save the form back to us in a devastating recession, I do not want to miss."

Will extend the effective tax rates for everyone because Republican leaders voiced support for the plan first.

"I have shown that administration of a tax increase to prevent the Democrats in Congress show the same openness about the optimistic," said Senate Minority Leader Mitch McConnell, R-Kentucky, said in a statement.

However, retiring Republican Senator George Voinovich of Ohio said that because the federal debt would increase the agreement calls for. Over expenditure

Agreement for the 2009 economic stimulus package Obama low-income Americans tax relief, "make work pay" points instead of two per cent reduction in payroll taxes, including temporary. A government source familiar with the talks one-year reduction in payroll taxes of about $ 1,000 to $ 50,000 will bring savings, he said.

Republicans as a privilege, a legacy of more than $ 5,000,000 worth of property taxes for two years at 35% settings. This figure is higher than previous estimates and now is $ 3,500,000 or more for property taxes on real estate is a compromise between the positions of Democrats and Republicans, said a senior government official.

Family income up to $ 250,000 per year for Democratic House of Representatives approved the measure to extend the Bush era tax cuts, they are negotiating with the White House, Congressional Republicans are satisfied with the previous Monday.

A Democratic congressional source told CNN, "We're rubber and the White House (Senate Minority Leader) Mitch McConnell, will not be an agreement between the cap." "We want to clarify it Do not support underrated .."

House Speaker Nancy Pelosi, Majority Leader Steny Hoyer, D-California, and D-Maryland, to discuss the proposed agreement at the White House with Obama and Biden were among the Democratic leaders who attended the meeting.

According to a senior Democratic source, Biden, Obama and Democrats in Congress said the proposed deal is the best that I can do is come to expect.

Houses of the Liberal Democrats, all from 2001 and 2003 tax cuts Congress to accept a deal believed to be the most reluctant.

The Senate blocked from consideration by the mischievous acts of the Republic House, tax rates, making more than $ 200,000 per year for individuals and families earning more than $ 250,000 will lead to increase the level of 1990. $ 1,000,000 more than the Senate Republicans in what has been blocking a proposal similar to the levels set a high income tax rates.

Obama is for wealth to increase the tax rate, let the Democratic Republic of the plan is an extension of the effective tax rate would ruin the show said no.

"Willing to give both sides, without this there is no reason to believe that the stalemate continued in the years ahead," Obama said. "Is this tax is in the Bush tax cuts because of arrangements made in 2003 on January 1, 2001 and continue until will. I do not want to let that happen to the American people will have a terrible prospect."

extended unemployment benefits and tax credits announced the deal during two years of the Bush era tax cuts for everyone, just to extend the deal to reporters after he briefed senior government officials. In particular, will benefit directly to the interests of workers in 2011 showed that payroll tax cuts.

One top administration official, said, "We would like the most attractive economy in 2011, important tax relief for working families feel that if there is a chance."

Top senators from both parties extended unemployment benefits for all people with the possibility of an agreement linking the extension of lower tax rates other Sunday. Congress to reduce the national debt will continue to work on long-term plan.

Democrats, but as a nation with the election campaign of 2008, Obama promised higher taxes than working-class Americans face the need to avoid the costs agreement to protect tax cuts for rich people can not afford hundreds of billions of extra dollars. Republicans, the economy remains too weak to ensure that no one believes that a tax increase.

Earlier Monday, Obama will be deducted from wealthy Americans, not fiscal responsibility, and reaffirmed this stance in the GOP with the extension of unemployment benefits should be part of any deal, said Democratic leaders argued.

"Middle-class tax increase, would be very difficult, because only family labor, and he's now our economy will be an obstacle to find a compromise here," Obama in Winston-Salem, North Carolina told the audience.

"We want him 100% what I want or what the Republic should ensure that even if there is a solution," he said.