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The Obama tax deal: 5 things you need to know

from Aol Small Business

The first major deal between President Obama and Congressional Republicans — an $858 billion package of tax cuts and unemployment benefits — has generated no shortage of controversy. After some contentious debate and brokering, the deal, which extends the Bush-era tax rates for two years and provides a one-year payroll tax cut for most Americans, passed the House 277 to 148 and the Senate 81 to 19. President Obama signed it into law on Dec. 17. more


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