A deal on taxes in Washington will have trickle down effects in the Philadelphia region.
Mayor Michael Nutter said Tuesday he supports the deal made by President Barack Obama with Republican leaders, even though it includes extending tax cuts for all — which does not sit well with many Democrats.
“The president is to be commended for getting things done and taking the actions that he did,” said Nutter. “It’s a true victory for Americans all across the country.”
The mayor says the tax breaks are good for business and the deal to extend the Bush-era tax cuts for another two years resulted in securing unemployment benefits for many who were just about to lose their checks.
“If you are one of the 18,000 Philadelphians about to lose your benefits. you are pretty happy about what happened,” Nutter said.
The deal is not assured passage in the lame-duck Congress. House Speaker Nancy Pelosi has not made any commitments to pass the plan.