White House seeks Democrats’ backing for tax deal

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White House seeks Democrats’ backing for tax deal

CNN – Washington – The White House will fight Tuesday to get Democrats to support a last-minute deal on taxes that President Barack Obama hammered out with Republican leaders.

The compromise would extend the Bush-era tax cuts for two more years, keeping income tax rates at their current levels for everyone, as Republicans insisted. Obama and other Democrats wanted tax rates to rise only for individuals earning more than $200,000 a year and families making $250,000 or more a year.

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