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Tax compromise-markets: indeed, Democrats: no, GOP: perhaps


The Obama administration is prepared to trade extending the Bush tax cuts for higher incomes for a federal unemployment extension in a tax compromise announced Tuesday. Investors flocked back to shares on the news, pushing the markets to highs not seen since Lehman Brothers collapsed to trigger the monetary meltdown. If the tax compromise is up to Congress to become a reality, however, partisans are telling America not to get its expectations up. Source for this article - Tax compromise boosts markets, along with partisan bickering by Money Blog Newz.

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