Summers: Tax cuts passed by Christmas

wrahn Contributor
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A top White House economic adviser predicted Thursday that President Obama’s tax-cut deal with Republicans would pass Congress before Christmas.

Larry Summers — the outgoing chairman of the National Economic Council — indicated that momentum on Capitol Hill is building in favor of the plan.

“I think the right thing is going to happen here,” he said during an interview with CNBC. “It’s an important compromise, and I expect we’ll see it in law before Christmas.”

Full story: White House seizes momentum in tax fight – The Hill’s Blog Briefing Room