Dec 17, Mr. Obama, who had long opposed extending the Bush tax cuts for America's highest-earners, has argued he had no choice but to agree to GOP demands to do so in order to avoid a tax increase on the Estimated Reading Time: 5 mins. Nov 23, But Obama also cut taxes in and In billion were cut as part of the American Recovery and Reinvestment Act. 2 InObama approved the permanent extension of the Bush tax cuts for those below a certain income level.
This was part of the fiscal cliff package. treelop.buzzted Reading Time: 8 mins. Dec 06, President Obama announced a broad"framework" with Republicans that would extend all Bush-era tax cuts for two years, keep the dividend and capital gains tax at 15 percent and temporarily cut Estimated Reading Time: 6 mins.
Feb 28, InPresident Obama signed the American Taxpayer Relief Act ofwhich made permanent 82% of the Bush tax cuts. Bush tax cut provisions that expired included reduced income, capital gains, and dividend tax rates, limits on personal exemptions, and reduced estate tax rates.
Jul 11, After a protracted debate, Congress and President Obama agreed at the end of to extend the Bush tax cuts for two years, and They allowed the Making Work Pay Credit to expire but replaced it with a payroll tax “holiday” which reduced Social Security payroll taxes paid inand this was eventually extended through