Obama said, the result of an agreement Monday (6 / 12) then states that would extend tax cuts that have been enacted in the era of President George W Bush for all layers though he did not impose the same on income groups above the average.

Instead, on the occasion, Obama extend unemployment benefits along with the tax restructuring. However, he rejected Conservative proposals to end permanently the so-called “death tax.”

According to Obama, a compromise was reached to avoid a tax increase on middle class amid the economic recovery.

“It would be a grave injustice if you let the tax increases for Americans today. In addition, it will face a serious problem for the recovery of our economy, “he said in a brief speech at the television station on Monday, as quoted by AFP.

In another part, Senate Democratic Leader Harry Reid keep mum on the compromise that made Obama and just say that he plans to hold a closed meeting with fellow Democrats on Tuesday. “Reid will discuss it tomorrow,” said Reid spokesman, Jim Manley.

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