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7:40 PM ET, December 6, 2010

memeorandum

 Top Items: 
Jon Ward / The Daily Caller:
Obama and GOP reach deal on two-year extension of Bush tax cuts for all incomes  —  President Obama and congressional Republicans have reached a tentative deal to extend the Bush tax cuts for all income levels and are presenting the proposal to congressional Democrats Monday afternoon, The Daily Caller has learned.
RELATED:
Paul Krugman / New York Times:
Let's Not Make a Deal  —  Back in 2001, former President George W. Bush pulled a fast one.  He wanted to enact an irresponsible tax cut, largely for the benefit of the wealthiest Americans.  But there were Senate rules in place designed to prevent that kind of irresponsibility.
Ezra Klein:
Can the White House win in 2012 by losing on the Bush tax cuts now?  —  The compromise the White House is negotiating on the Bush tax cut is looking more and more like the White House's opening gambit in the 2012 campaign.  —  The White House has stopped negotiating for ideal …
Ezra Klein:
The Bush tax cuts in one chart  —  It's time, I think, to repost this chart showing how much taxpayers at different income levels would get from the Democratic plan, which was to simply extend the cuts for income under $250,000, and the Republican plan, which was to extend the cuts for everyone:
Wall Street Journal:
White House Proposes Payroll-Tax Holiday  —  WASHINGTON—Aides to President Barack Obama are proposing a one-year reduction in the payroll tax as part of negotiations with Congress on a broader package to stave off income-tax increases due to take effect next year.
The Huffington Post:
Tax Cut Deal: White House, GOP Leaders Close To Agreement  —  WHAT'S YOUR REACTION? … The Obama administration and Congressional Republicans were close to finalizing a deal on the expiring Bush tax cuts late Monday afternoon.  But a senior administration official cautioned that …
Ezra Klein:
Who graduates, who votes and who's unemployed — in one graph  —  It seems a little crazy that tax cuts for the nation's very richest residents are commanding more political energy and consensus than unemployment insurance.  Among other things, the tax cuts aren't popular.  Unemployment insurance is.
Discussion: The New Republic
Michael O'Brien / The Hill:
Bachmann: GOP could scuttle tax deal tied to extending jobless aid
Ezra Klein:
Why aren't the Democrats using reconciliation to pass the tax cuts?
Discussion: The Atlantic Online
The Caucus:
Obama, Congress Near Deal on Tax Cuts
Discussion: AMERICAblog News and Daily Kos
Brian Beutler / TPMDC:
They've Got A Deal? White House And GOP Come To Terms On Tax Cuts
Discussion: Talking Points Memo
David Weigel / Weigel:
Just How Big of a Dive is Obama Taking on Tax Cuts?
Discussion: Yglesias and AmSpecBlog
David Leonhardt / Economix:
Obama's Tax-Cut Retreat, Through Two Lenses
Lbentzterp / CNN:
TRENDING: Elizabeth Edwards stops cancer treatment, releases statement  —  (CNN) - Elizabeth Edwards is surrounded by family and friends in her North Carolina home after being informed by her doctors that further cancer treatment would be unproductive.  —  “Elizabeth has been advised …
Discussion: ABCNEWS, American Power and The Page
RELATED:
Sandra Sobieraj Westfall / People.com:
Elizabeth Edwards's Cancer Spreads  —  Elizabeth Edwards's cancer fight has taken a turn for the worse, with the disease spreading to her liver and doctors recommending against additional treatment.  —  “Elizabeth has been advised by her doctors that further treatment of her cancer would be unproductive.
WRAL-TV:
Elizabeth Edwards seriously ill
Lydia Saad / Gallup:
Kennedy Still Highest-Rated Modern President, Nixon Lowest  —  Jimmy Carter's retrospective approval rating and rank drop from 2006  —  PRINCETON, NJ — Of the nine U.S. presidents who have served in the past 50 years, John F. Kennedy continues to earn the highest retrospective job approval rating from Americans, now 85%.
RELATED:
The Note:
Sarah Palin Passes On RNC  —  ABC News' John Berman and Mary Bruce report:  —  Sarah Palin isn't running...for one job at least.  She doesn't appear to be a candidate to Chair the Republican National Committee.  —  The activist group Tea Party Nation, planned on sending a letter to Palin pleading for her to run.
RELATED:
Owen Bowcott / Guardian:
Assange to be questioned by UK police  —  • New arrest warrant issued over alleged sexual assaults  —  • Assange appeals for supporters to put up surety and bail  —  Julian Assange, the founder of WikiLeaks, is expected to appear in a UK court today after his lawyers …
RELATED:
Wall Street Journal:
Julian Assange, Information Anarchist
Telegraph:
WikiLeaks: net closes on Julian Assange as Scotland Yard receive full arrest papers
Lyle Denniston / SCOTUSblog:
Rulings set on Wal-Mart, warming (final UPDATE, 11:58 a.m.)  —  The Supreme Court stepped into two major controversies on Monday, agreeing to sort out when a class-action lawsuit may be filed when employees are seeking back pay for alleged workplace discrimination, and to clarify whether companies claimed …
RELATED:
Robin Bravender / The Politico:
Supreme Court to hear global warming case
Discussion: Hot Air
John McCormack / Weekly Standard:
Gov. Gary Johnson: I Smoked Marijuana from 2005 to 2008  —  The former New Mexico governor and likely 2012 Republican presidential candidate talks to THE WEEKLY STANDARD.  —  Gary Johnson, the former New Mexico governor and a likely 2012 Republican presidential candidate …
Felix Salmon:
Chart of the day: U.S. taxes  —  Stephen Culp has another striking chart today:  —  This chart should be ingrained in the mind of anybody who cares about fiscal policy.  The main things to note:  — Federal taxes are the lowest in 60 years, which gives you a pretty good idea …
Colby Hall / Mediaite:
Kathy Griffin Gets Booed By U.S. Troops After Calling Bristol Palin Fat  —  Comedian and self-proclaimed “D-lister” Kathy Griffin hosted VH1 Divas Salute the Troops which was taped for an audience of servicemen at the Marine Corps Air Station in Miramar, California, and aired last night.
Karoli / Crooks and Liars:
Right wing declares war on the poor: Kate O'Beirne calls parents of school lunch recipients child abusers  —  I'm speechless.  This little rant by Kate O'Beirne at a Republican strategy session is so evil, so incredibly cold-hearted, and so predictably right-wing that it makes me want to shove …
The Politico:
Mike Huckabee wants some respect  —  Dial down the deafening Sarah Palin buzz for just a moment: The most consequential decision in the 2012 Republican presidential sweepstakes could be whether Mike Huckabee decides to run again - and associates say the former Arkansas governor may well take the plunge.
RELATED:
Tom Jensen / Public Policy Polling:
Missouri Republican Numbers
Zachary A. Goldfarb / Washington Post:
‘Operation Broken Trust’ ends with charges for more than 500 people in fraudulent investment schemes  —  Federal authorities announced Monday that they had charged hundreds of defendants in “Operation Broken Trust,” a 31/2-month effort to stop investment fraud that has caused $10.4 billion in investor losses.
Discussion: The Atlantic Online
RELATED:
The United States Department of Justice:
Attorney General Eric Holder Speaks at the Operation Broken Trust Announcement
Discussion: NPR Blogs and FT Alphaville
Alex Seitz-Wald / ThinkProgress:
Inhofe: ‘Why Do They Always Pick On The Christians?’  —  Last week, Sen. Jim Inhofe (R-OK) announced that he would refuse to participate in Tulsa's “Holiday Parade of Lights” because the city had renamed the parade, replacing “Christmas” with “Holiday.”  After taking part in the parade every year …
 
 
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 More Items: 
Megan McArdle / The Atlantic Online:
What Does It Look Like to Leave the Euro?
Matt Yglesias / Yglesias:
Morning in America
Discussion: News Hounds and Eschaton
Kim Chipman / Bloomberg:
Obama Made ‘Big Mistake’ on Climate Bill, Turner Says
Andrew Breitbart / Big Government:
Me & Mrs. Sherrod — And The $1.25 Billion Pigford II Black Farmers' Settlement
Discussion: Big Hollywood
Jane Hamsher / Firedoglake:
AFL-CIO Legislative Meeting Explodes over Obama's NAFTA-Style Korea Free Trade Deal
 Earlier Items: 
Eamon Javers / CNBC:
The Fed Has a $110 Billion Problem with New Benjamins
Discussion: Corrente
BBC:
List of facilities ‘vital to US security’ leaked
 

 
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Bloomberg:
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