www.americanprogress.org<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"After pledging to let the Bush tax cuts expire for wealthy Americans, President Obama this week cut a deal with Republicans to extend tax cuts for all income levels in exchange for extending unemployment benefits. But the President is facing opposition from his own party. House Majority leader Nancy Pelosi has continued her opposition saying […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-17635","post","type-post","status-publish","format-standard","hentry","category-daily-program"],"_links":{"self":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/17635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/comments?post=17635"}],"version-history":[{"count":0,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/posts\/17635\/revisions"}],"wp:attachment":[{"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/media?parent=17635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/categories?post=17635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uprisingradio.org\/home\/wp-json\/wp\/v2\/tags?post=17635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"obama\"](\"http:\/\/d.yimg.com\/a\/p\/afp\/20101208\/capt.photo_1291779366799-1-0.jpg?x=400&y=266&q=85&sig=7_H4rf39uIM6WdEEanIkiw--\")
After pledging to let the Bush tax cuts expire for wealthy Americans, President Obama this week cut a deal with Republicans to extend tax cuts for all income levels in exchange for extending unemployment benefits. But the President is facing opposition from his own party. House Majority leader Nancy Pelosi has continued her opposition saying that extending tax cuts for the rich will worsen the economy and increase the deficit. The New York Times is reporting that most Democrats are relying on the White House to sell the deal to Congress on its own and that Republicans would be expected to deliver most of the votes needed to pass the package. Part of the proposal includes an estate tax that is lower than what it was in 2009 with a $5 million exemption at the rate of 35%. For example, under this plan, a married couple with $10 million in assets would pay no Federal estate taxes. There is currently no estate tax for this year. According to the Times, the only group whose taxes would increase are individuals making less than $20,000 and families making less than $40,000. In its bid to sell the deal the White House is touting the tax cut extension as a creator of over 2 million jobs. <\/p>\n