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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.
Discussion:
The Fix, The Hill, Wake up America, AmSpecBlog, Hot Air, Moe Lane and The Hill
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An imperfect, but not-that-bad, deal on the tax cuts — The White House and the Republicans are pretty close to a final deal on the Bush tax cuts. Here are the specifics, though it's worth saying that as near as this is to completion, it's still not done, and so it could change:
Discussion:
Felix Salmon, Taylor Marsh, FT Alphaville and The New Republic

Tax-cut deal reached between Obama, Republicans — President Obama and congressional Republicans agreed Monday to a tentative deal that would extend for two years all the Bush-era income tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months …
Discussion:
TalkLeft, Suburban Guerrilla, Weasel Zippers and FrumForum

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.
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Fox News, The Huffington Post, Daily Kos, Bloomberg, The New Republic, msnbc.com, NewsBusters.org, Left in the West, PERRspectives, Alan Colmes' Liberaland, The Caucus, ThinkProgress, POWIP, Guardian, The Note, The Atlantic Online, The Nation, Taylor Marsh, Democracy in America, AMERICAblog News, Washington Post, Lawyers, Guns & Money, nancynall.com, Prairie Weather, Firedoglake, Outside the Beltway, Brilliant at Breakfast, Booman Tribune, Economix, James Pethokoukis and FiveThirtyEight


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 …
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Talking Points Memo, A plain blog about politics, Rortybomb, FT Alphaville, Wonk Room, The Monkey Cage, Swampland, AmSpecBlog, The Nation, Daily Kos, Comments from Left Field, No More Mister Nice Blog, Crooks and Liars, Mother Jones, The Note, Wonkette, JustOneMinute and Washington Monthly

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:
Discussion:
Politics Daily, The Atlantic Online, The Moderate Voice and Alas, a blog


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.
Discussion:
Michelle Malkin, Don Surber and New York Magazine


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

Tax Cut Deal: White House, GOP Leaders Close To Agreement
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The Gateway Pundit


Obama Agrees To Extend All Bush Tax Cuts And Cut Estate Tax In Deal With Republicans
Discussion:
Los Angeles Times, Off the Charts Blog and South Capitol Street

Why aren't the Democrats using reconciliation to pass the tax cuts?
Discussion:
The Atlantic Online and The Impolitic

Bachmann: GOP could scuttle tax deal tied to extending jobless aid
Discussion:
Zandar Versus The Stupid, Outside the Beltway and CNN

Retiring Sen. George Voinovich to oppose any extension of Bush-era tax cuts

Tax Cuts: The Real End Game Is In The House
Discussion:
Firedoglake, Daily Kos, Outside the Beltway, FrumForum and Reuters

President Obama's Outline of Possible Yet Not Quite Done Deal …
Discussion:
The Atlantic Online, CNN, Daily Kos, National Review and AmSpecBlog

Deal on Bush Tax Cuts Trims Payroll Levy
Discussion:
Philly.com, Daily Kos and AMERICAblog News

Tax Cut Deal Includes Monstrous Estate Tax, Dividend Concession
Discussion:
U.S. Congressman John …, Questions and Observations and Balloon Juice

Just How Big of a Dive is Obama Taking on Tax Cuts?
Discussion:
Yglesias and AmSpecBlog

They've Got A Deal? White House And GOP Come To Terms On Tax Cuts
Discussion:
Hullabaloo, The Daily Caller, AMERICAblog News and Talking Points Memo

Obama, Republicans near deal to extend tax cuts
Discussion:
Online NewsHour, The Plum Line, The Note and Free exchange

Obama presents Dem leaders with proposed tax deal
Discussion:
Obsidian Wings, South Capitol Street and The Politico

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 …
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The Page
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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.
Discussion:
Politics Daily, CBS News, USA Today, About.com US Liberal Politics, TPMDC, Ben Smith's Blog and Gawker

Elizabeth Edwards Won't Receive Anymore Cancer Treatment
Discussion:
American Power

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%.
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Bush job approval rating higher than Obama's — George W. Bush's job approval rating is 1 point higher than Barack Obama's. — George W. Bush's job approval rating as president has spiked to 47 percent, according to a Gallup poll released Monday. — That's one point higher …
Discussion:
Hot Air, The Gateway Pundit, Weasel Zippers, Power Line and FrumForum


Julian Assange, Information Anarchist — WikiLeaks founder Julian Assange hopes to hobble the U.S. government. — Whatever else WikiLeaks founder Julian Assange has accomplished, he's ended the era of innocent optimism about the Web. As wiki innovator Larry Sanger put it in a message to WikiLeaks …
Discussion:
LewRockwell.com Blog and Cato @ Liberty
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Some news outlets stop calling WikiLeaks a ‘whistle-blower’
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Slate, Guardian, Raw Story, newsfeed.time.com, Techdirt and South Capitol Street, more at Mediagazer »

Assange to be questioned by British police
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Tom Watson, VentureBeat, Online NewsHour, Hit & Run and HotAirPundit, more at Mediagazer »

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.
Discussion:
Ballot Box, The Atlantic Online, TPMDC, Guardian, Weigel, Weasel Zippers, The Daily Caller, CNN, conservatives4palin.com, National Review and GOP 12
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Tea party group wants Palin for RNC
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CNN, Hot Air, New Yorker, The Atlantic Online, TPMDC, The Note, Left Coast Rebel, Cubachi, Prairie Weather, Indecision Forever, USA Today and FrumForum


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 …
Discussion:
Firedoglake and Hullabaloo


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 …
Discussion:
CNN, Outside the Beltway, Hit & Run, Raw Story, Indecision Forever and Taegan Goddard's …

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 …
Discussion:
The Volokh Conspiracy, Zandar Versus The Stupid and Althouse
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TX GOP Official Opposes Jewish House Speaker: Christians ‘Are The People That Do The Best Jobs’ — Last month, several Tea Party activists formed a right-wing coalition to oust Rep. Joe Straus (R) as Texas House Speaker. They began circulating emails with anti-Semitic messages against Straus, who is Jewish.
Discussion:
The Daily Dish, Mediaite, Joe. My. God., Right Wing Watch and Brilliant at Breakfast

CNN's Beck to first-ever Muslim congressman: “[W]hat I feel like saying is, ‘Sir, prove to me that you are not working with our enemies’ ” — EXPAND ALL EXPAND 1ST LEVEL COLLAPSE ALL
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ThinkProgress, TPM LiveWire and Bold Faith Type
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Some thoughts on “sex by surprise” — There's a lot going around in bloglandia and on the interwebs about WikiLeaks honcho Julian Assange's sexual assault charge in Sweden; commentators are saying that Assange didn't really rape anyone, and these are trumped-up charges of “sex by surprise …
Discussion:
Crooks and Liars, Focal Point, Shakesville and Barefoot and Progressive