Obama, G.O.P. Make Deal To Extend Tax Cuts
House Democrats, however, still aren't on board with the deal, and some Senate Democrats remain ambivalent.
The deal would include changes to the estate tax and and a 2 percent payroll tax cut for employees in 2011. Protection of the Child Credit, Earned Income Tax Credit, and American Opportunity Tax Credit increases from the Recovery Act would be included in the president's deal.
Read more about the possible deal here.