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Obama, Congress Maneuver to Extend Unemployment Benefits in Exchange for Current Tax Rates

After Senate Republicans, with the help of a few Democrats, refused to cave on extending tax rates for the wealthy next year, a deal to extend unemployment benefits in exchange for White House agreement on continuing everyone's current rate appears to be gaining traction. Senate Republican leader Mitch McConnell said Sunday that it's clear to him taxes will not be raised for anyone next year -- and that unemployment compensation for those jobless beyond 99 weeks could be extended. McConnell did not say how long tax rates would be extended though unemployment compensation could last another year.

View Source: http://www.foxnews.com/politics/2010/12/05/mcconnell-confident-tax-rates-remain/