Score: Tax bill: passed; spending bill: pulled. Two different bills, remember.
Tax Foundation " The current compromise tax proposal agreed to by President Obama and Republicans in Congress would be more generous to low-income workers than the competing proposal favored by Democrats in the House of Representatives, according to a new report by the Tax Foundation.
"Less affluent taxpayers would benefit in large part from the proposed one-year cut in the payroll tax, a key element of the White House compromise plan, but one that is lacking in the Democrat-supported tax bill passed earlier this year in the House. "
2011 TAX CALCULATOR "Last updated December 10th, 2010 - includes new compromise plan and payroll taxes.
"Fill out the left-hand column and click Calculate to estimate your 2011 tax bill under various scenarios: " mytaxburden.org
Congress Passes Tax Deal "In the bill's sweep, Congress signaled a return to tax cutting as a principal engine of driving economic growth, especially compared with Mr. Obama's 2009 stimulus bill, which put more emphasis on government spending. Coming after the Democratic losses in November's midterm elections the playbook this time was more in keeping with Republican orthodoxy."
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