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8:20 AM ET, December 7, 2010

memeorandum

 Top Items: 
Ezra Klein:
An imperfect, but not-that-bad, deal on the tax cuts  —  The White House and the Republicans are pretty close to a final deal on the Bush tax cuts.  Here are the specifics, though it's worth saying that as near as this is to completion, it's still not done, and so it could change:
RELATED:
Shailagh Murray / Washington Post:
Tax-cut deal reached between Obama, Republicans  —  President Obama and congressional Republicans agreed Monday to a tentative deal that would extend for two years all the Bush-era income tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months …
New York Times:
Tax Deal Suggests New Path for Obama  —  WASHINGTON — President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed …
Jon Ward / The Daily Caller:
Obama and GOP reach deal on two-year extension of Bush tax cuts for all incomes  —  President Obama and congressional Republicans have reached a tentative deal to extend the Bush tax cuts for all income levels and are presenting the proposal to congressional Democrats Monday afternoon, The Daily Caller has learned.
Wall Street Journal:
White House Proposes Payroll-Tax Holiday  —  WASHINGTON—Aides to President Barack Obama are proposing a one-year reduction in the payroll tax as part of negotiations with Congress on a broader package to stave off income-tax increases due to take effect next year.
David Dayen / Firedoglake:
Tax Cut Deal Includes Monstrous Estate Tax, Dividend Concession  —  I don't think we should jump on this fully until we see a full solution.  But enough of the usual suspects have signaled that a tax cut deal is imminent, with the same broad contours, that we should take a look at the particulars.
Ezra Klein:
Wonkbook: Everything you need to know about the Bush tax cut deal  —  I'll admit it: I didn't think they had it in them.  A temporary extension of the Bush tax cuts?  Sure, they could manage that.  Fear is a powerful motivator in Washington, and nothing scares politicians like the threat of a tax hike on their constituents.
Felix Salmon:
Chart of the day: U.S. taxes  —  Stephen Culp has another striking chart today:  —  This chart should be ingrained in the mind of anybody who cares about fiscal policy.  The main things to note:  — Federal taxes are the lowest in 60 years, which gives you a pretty good idea …
Discussion: Firedoglake and Hullabaloo
Jennifer Rubin / Right Turn:
Obama sells out the left: a Republican win on taxes  —  There really is no other way to say it: the Republicans won, the liberal Democrats lost, and the president sided with the Republicans.  The subject, of course, is an agreement to extend all the Bust tax cuts.
The White House:
Statement by the President on Tax Cuts and Unemployment Benefits Room 430  —  Eisenhower Executive Office Building  —  THE PRESIDENT: Hello, everybody.  Sorry to keep you waiting.  —  For the past few weeks there's been a lot of talk around Washington about taxes and there's been a lot …
The Politico:   Liberal Dems to Obama: Fight harder
Ezra Klein:
Who graduates, who votes and who's unemployed — in one graph
Discussion: Mother Jones and The New Republic
Scott Wilson / Washington Post:
Obama's tax cut extension part of strategy to show bipartisanship
Ezra Klein:
The Bush tax cuts in one chart
Ezra Klein:
Why aren't the Democrats using reconciliation to pass the tax cuts?
Michael O'Brien / The Hill:
Bachmann: GOP could scuttle tax deal tied to extending jobless aid
msnbc.com:
‘Framework for a bipartisan agreement’ on tax cuts
Sam Youngman / The Hill:
Obama, GOP strike deal to extend Bush-era tax cuts by two years
Discussion: The Nation
The Caucus:
Deal Would Reportedly Drop a Tax Credit
Discussion: Daily Kos
BBC:
Wikileaks founder Julian Assange arrested in London  —  Julian Assange denies sexually assaulting the two women  —  The founder of the whistle-blowing website Wikileaks, Julian Assange, has been arrested by police in London.  —  The 39-year-old Australian, who was the subject of a European arrest warrant …
RELATED:
Christopher Hitchens / Slate:
The WikiLeaks founder is an unscrupulous megalomaniac with a political agenda.  —  In my most recent book, I reprint some words from a British Embassy cable, sent from Baghdad to the Foreign Office in 1976.  The subject is Iraq's new leader.  His quiet coup d'etat is reassuringly described as …
Jill / Feministe:
Some thoughts on “sex by surprise”  —  There's a lot going around in bloglandia and on the interwebs about WikiLeaks honcho Julian Assange's sexual assault charge in Sweden; commentators are saying that Assange didn't really rape anyone, and these are trumped-up charges of “sex by surprise …
Sky News:
WikiLeaks Boss Assange Arrested In UK
Discussion: Daily Mail and The Gateway Pundit
Lbentzterp / CNN:
TRENDING: Elizabeth Edwards stops cancer treatment, releases statement  —  (CNN) - Elizabeth Edwards is surrounded by family and friends in her North Carolina home after being informed by her doctors that further cancer treatment would be unproductive.  —  “Elizabeth has been advised …
RELATED:
Sandra Sobieraj Westfall / People.com:
Elizabeth Edwards's Cancer Spreads  —  Elizabeth Edwards's cancer fight has taken a turn for the worse, with the disease spreading to her liver and doctors recommending against additional treatment.  —  “Elizabeth has been advised by her doctors that further treatment of her cancer would be unproductive.
Ben Armbruster / ThinkProgress:
TX GOP Official Opposes Jewish House Speaker: Christians ‘Are The People That Do The Best Jobs’  —  Last month, several Tea Party activists formed a right-wing coalition to oust Rep. Joe Straus (R) as Texas House Speaker.  They began circulating emails with anti-Semitic messages against Straus, who is Jewish.
Drudge Report:
BIG SIS INVADES WAL-MART: ‘IF YOU SEE SOMETHING, SAY SOMETHING’  —  WASHINGTON — Department of Homeland Security (DHS) Secretary Janet Napolitano today announced the expansion of the Department's national “If You See Something, Say Something” campaign to hundreds of Walmart stores across the country …
Alan Cowell / New York Times:
19 Countries to Miss Nobel Peace Prize Ceremony  —  LONDON — The number of governments which have decided not to represented when the Nobel Peace Prize is awarded to the imprisoned Chinese dissident Liu Xiaobo this week has more than tripled to 19, the Norwegian prize committee said on Tuesday …
 
 
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 More Items: 
Peter Beinart / The Daily Beast:
The Right's Democracy Hypocrisy
Mary C. Curtis / Politics Daily:
Obama Calls for a New ‘Sputnik Moment’ for America
Discussion: The Page
Rasmussen Reports:
Most Say Continuing Offshore Ban Will Hurt Economy
Discussion: Hot Air and HotAirPundit
Associated Press:
Poll: Afghans' faith in U.S. dives as insurgents gain support
Discussion: Ian Welsh
Ambrose Evans-Pritchard / Telegraph:
China's credit bubble on borrowed time as inflation bites
Manu Raju / The Politico:
Study: Congress sought 39,294 earmarks
 Earlier Items: 
Daily Express:
BRITAIN IS FREEZING TO DEATH
Discussion: blogs.telegraph.co.uk and Althouse
Wall Street Journal:
Supreme Court Set to Review CO2 Suits
Discussion: Whiskey Fire
Adambink / Prop 8 Trial Tracker:
9th Circuit Perry v. Schwarzenegger hearing: analysis and discussion
Discussion: Daily Kos
The Note:
Sarah Palin Passes On RNC