Locke Interview on Obama Tax Plan

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Dec. 7 (Bloomberg) -- U.S. Commerce Secretary Gary Locke speaks about President Barack Obama's agreement with congressional Republicans to temporarily extend Bush-era tax cuts. Obama announced last night he'll accept a deal that would extend current tax rates for high-income taxpayers for two more years in exchange for extending federal unemployment insurance for the long-term jobless and cutting the payroll tax by $120 billion for one year. Locke speaks with Peter Cook on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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