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Dec 20 Congress Approves the Middle Class Tax Relief Act
Ivy Ngo

Last week, the House passed the Middle Class Tax Relief Act, a bill that would extend the Bush tax cuts for an additional two years. The House vote came one day after the Senate approved the $858 billion plan by a margin of 81 to 19. 139 Democrats and 138 Republicans voted in favor of the bill - one of the highest showings of Congressional bipartisan agreement since President Obama took office in 2009.

The bill itself can be considered a mixed bag, a combination of good and bad provisions.