Why President Obama took the fiscal cliff deal
thegrio.com — Moving off of his desired numbers on taxes allowed the president to get billions of dollars in programs for the working poor and unemployed Americans that Republicans would only agree to as part of a larger compromise. The deal includes $30 billion to help Americans who have been unemployed for longer than six months, as well about $120 billion spread over five years to keep in place increased child tax credits for low-income families with children and those paying for college that were in the 2009 stimulus and scheduled to expire. While cuts may come later, there are actually almost no new spending reductions in this agreement. Obama successfully fought a Republican push to include Medicare or Social Security reductions in this deal. Most importantly, almost every Republican senator and more than a third of House Republicans voted to raise taxes.