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Obama signs extension of Bush-era tax cuts

President Barack Obama signed an $858 billion tax bill into law Friday, saying, “this is progress, and that’s what (the American people) sent us here to achieve.”

“We are here with good news for the American people this holiday season,” he said. “By a wide margin, both houses of Congress passed a package of tax relief that will protect the middle class, that will grow our economy and will create jobs for the American people.”

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