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Obama / Tax Cuts #987744

CBS Evening News for Tuesday, Dec 07, 2010
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(Studio: Jeff Glor) Report introduced.

(White House: Bill Plante) President Obama’s news conference to defend his tax cut deal with Republicans reviewed; details given about the terms of the compromise. [OBAMA - says a long political fight would be a bad deal for the economy and the American people; likens the debate over tax cuts to a hostage situation; tells Republicans he is itching for a fight; tells Democrats he has kept his promises.]

(Studio: Jeff Glor) Report introduced.

(Capitol: Nancy Cordes) The opposition of many Democrats to this deal featured; scenes shown of Vice President Joe Biden visiting the Capitol; details given about their anger over the estate tax compromise; statements from Speaker of the House Nancy Pelosi and Senator Lamar Alexander quoted. [Senator Frank LAUTENBERG†- reacts to Biden’s visit.] [Senator Bernard SANDERS†- opposes tax breaks for the wealthy.] [Senators Harry REID†, Mitch McCONNELL†- comment.] [Brookings Institution economist Gary BURTLESS†- says anyone who works for a living will pay less taxes in 2011.]

Glor, Jeff;
Plante, Bill;
Cordes, Nancy

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