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)

The Ghost Trains of America

Can a band of locomotive experts save vintage railcars from ruin?


Elsewhere on the web

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

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Video

What If Emoji Lived Among Us?

A whimsical ad imagines what life would be like if emoji were real.

Video

Living Alone on a Sailboat

"If you think I'm a dirtbag, then you don't understand the lifestyle."

Video

How Is Social Media Changing Journalism?

How new platforms are transforming radio, TV, print, and digital

Video

The Place Where Silent Movies Sing

How an antique, wind-powered pipe organ brings films to life

Feature

The Future of Iced Coffee

Are artisan businesses like Blue Bottle doomed to fail when they go mainstream?

Writers

Up
Down

More in Business

Just In