Senate Majority Leader Harry Reid, D-Nev., has introduced a bill to extend the Bush tax cuts and unemployment benefits.

The bill, introduced Thursday, more or less aligns with the deal struck by President Obama earlier in the week with Republican congressional leaders. It is estimated to cost $858 billion over 10 years. It would extend the current tax rates for another two years for all income levels, and provide a 13-month extension in unemployment benefits.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access