Congress Passes Tax Deal, but What's in It For You?

More

Congress has passed the president's tax cut bill, which will extend unemployment benefits and cut payroll taxes for one year and preserve the Bush tax cuts for two years. The total cost will come in just under $900 billion.

If you're just joining us for news about Obama's compromise on the Bush tax cuts, here's how to catch up:

-- The plan's outline is here.

-- If you don't know what to think, choose from the buffet of reactions here.

-- If you still don't know what to think, consider the alternative scenarios here.

-- For a smart argument against the tax cut deal, go here.

-- The Bush tax cuts, unemployment benefits and payroll tax cuts -- three key elements of the plan -- are explained here, here and here.

And finally, to see how much money the tax deal will save you next year, use the Washington Post calculator here.

Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

Is Technology Making Us Better Storytellers?

How have stories changed in the age of social media? The minds behind House of Cards, This American Life, and The Moth discuss.


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Business

Just In