A massive bipartisan tax package preventing a big New Year's Day tax hike for millions of Americans is on its way to President Barack Obama for his signature. The measure would extend tax cuts for families at every income level, renew jobless benefits for the long-term unemployed and enact a new one-year cut in Social Security taxes that would benefit nearly every worker who earns a wage.
In a remarkable show of bipartisanship, the House gave final approval to the measure just before midnight Thursday, overcoming an attempt by rebellious Democrats who wanted to impose a higher estate tax than the one Obama agreed to. The vote was 277-148, with each party contributing an almost identical number of votes in favor (the Democrats, 139 and the Republicans, 138). Opposed were 112 Democrats and 36 Republicans.
I think if Obama signe the package; the workers of our union would benefit tremendously. What the package consists of is extended tax cuts for families of any income level, and renew jobless benefits for the long term unemployed and enact a new one year cut in social security. All of those things together will give people mroe money to take care of themselves by being able to pay their own bills and they could also have extra money for leisure time.
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