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Jan 02, President Barack Obama campaigned in on a promise to raise taxes on the wealthy, saying families making more than, a year (and individuals making more than,) should pay what. Nov 24, During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in Dec 17, President Obama, joined by Vice President Biden, speaks before signing a compromise bill that extends the Bush-era tax cuts for all Americans, December 17, Estimated Reading Time: 5 mins.
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 Nov 23, When people refer to President Obama's tax cuts, they generally refer to thebillion tax cut deal signed in It extended the Bush tax cuts through and unemployment benefits through It cut payroll taxes by 2 percentage points, Estimated Reading Time: 8 mins.
Jan 08, House Speaker Nancy Pelosi tells Politico she's"urging" President-Elect Barack Obama to quickly repeal Bush administration tax cuts for the wealthy -- Estimated Reading Time: 2 mins. Jun 07, The impending expiration of the Bush tax cuts became a major focus of the tax debate during the first decade of the century.
The future of the Bush tax cuts was a central issue in the presidential campaign, in which John McCain advocated making almost all of the cuts permanent, and Barack Obama called for extending the cuts only for families earning less than,Estimated Reading Time: 7 mins.
Feb 28, During his presidential campaign. Obama had pledged to allow the Bush tax cuts to expire for those making more than, a year. The Tea Party said this would stifle job creation by hurting the small business owners who create 60% of all new jobs.