Statement by White House Communications Director Dan Pfeiffer

The President said that Congress cannot go home without preventing a tax increase on 160 million hardworking Americans, and the deal announced tonight meets that test. This is an important step towards enacting a key provision of the President’s American Jobs Act and a significant victory for the American people and the economy, because as independent analysts have said, failing to extend this tax cut would have had a damaging effect on our recovery and job growth. The President urges Congress now to finish up their business for the American people.