Tonight, for those of you that pay little attention to tax policy, the Obama administration announced a deal with Congressional Republicans to extend the Bush-era tax cuts on all wage earners in exchange, essentially, for continuing benefits to the long-term unemployed. Here are some lines from the New York Times story on the topic that could have been used at any point in the paper's coverage of the President's first two years in office:
- "But Mr. Obama made substantial concessions to Republicans."
- "'Ever since I started running for this office, I’ve said that we should only extend the tax cuts for the middle class,' he said, acknowledging that he had been thwarted in one of the chief goals of his presidency."
- "Republican leaders, clearly relishing the upper hand they have held in the tax fight, reacted positively to Mr. Obama’s announcement on Monday night."
- "But Mr. Kyl also expressed satisfaction with the preliminary agreement, given that Democrats now control big majorities in the House and the Senate."