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President Barack Obama updates the status of the tax-cut deal struck with congressional Republicans, at the White House in Washington, Monday, Dec. 13, 2010. The legislation would avert a Jan. 1 increase in income taxes for nearly all Americans, including middle and high earners. (AP Photo/J. Scott Applewhite)
Photo by: J. Scott Applewhite
President Barack Obama updates the status of the tax-cut deal struck with congressional Republicans, at the White House in Washington, Monday, Dec. 13, 2010. The legislation would avert a Jan. 1 increase in income taxes for nearly all Americans, including middle and high earners. (AP Photo/J. Scott Applewhite)

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