Far left Democratic leadership has moved closer to the middle this week. On Thursday night, Senate Majority Leader Harry Reid (D-NV) dropped the $1.1 trillion dollar omnibus bill, claiming he didn’t have the votes to pass it. Instead, an extension will be granted to keep government payments at their current levels until February, when a new budget can be passed.
Earlier today President Obama signed into law an extension of the Bush tax cuts for all income brackets for the next two years. Previously, Obama had said he opposed keeping taxes low for high-income earners. He agreed to this deal with the Republicans in exchange for an extension on unemployment insurance for the long-time unemployed.
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