A Compromise on the Bush Tax Cuts, But Will it Pass?
Obama and the Republicans have reached a compromise on the Bush Tax Cuts. However this deal has not been endorsed by the Democrats in the House and therefore it has not passed. It is expected that some form of the below bullet points will be passed before year end. However, many expect that a further compromise on the rate and/or the exemption threshold of the estate tax will need to be made in order to get the votes needed to pass.