Tentative Agreement on Bush Tax Cuts

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capitol1 Tentative Agreement on Bush Tax Cuts

President Obama announced late Monday afternoon that the White House and Democratic and Republican lawmakers have worked out a plan to extend the Bush-era tax cuts for all Americans for two years.

It was not immediately clear whether there was wide agreement on the proposal, however, which included elements sure to anger both left and right. House Democratic leadership aides told CBS News immediately after the announcement that House Democrats have not signed off on any tax cut deal.

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