Obama Signs $858 Billion Tax-Cut to Revive Economy, Add Jobs
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President Barack Obama signed into law an $858 billion bill extending for two years Bush-era tax cuts to boost a fragile economy and add jobs.
“It’s a good deal for the American people,” Obama said at a signing ceremony in Washington. “Putting more money in the pockets of families most likely to spend it, helping businesses to grow, that’s how we’re going to spark demand, spur hiring and strengthen our economy in the new year.”