Obama Signs Tax Cut Bill
Politico reports:
President Barack Obama celebrated the spirit of compromise Friday as he signed a controversial $858 billion tax cut and unemployment insurance extension into law — but warned that bipartisan comity could be fleeting.
The bill, the result of a deal Obama cut with Senate Republicans over the objections of many Democrats, was a major victory for a White House that spent much of the past two years battling a unified GOP on the stimulus and health care reform.
"We are here with some good news for the American people this holiday season," Obama told about 150 people, including Senate Majority Leader Mitch McConnell (R-Ky.), gathered in the Eisenhower Executive Office Building.
Noticeably absent were Speaker-to-be John Boehner (R-Ohio), Senate Majority Leader Harry Reid (D-Nev.) and House Speaker Nancy Pelosi (D-Calif.), who were all cut out of initial negotiations between Obama’s staff and McConnell.
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