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But Republicans have called it a political stunt, a ploy.

Dec 07, Barack Obama gives way to Republicans over Bush tax cuts. This article is more than 10 years old. The tax cuts expire at the end of this year. Republicans campaigned in last month's midterm Estimated Reading Time: 6 mins. Jan 03, Here’s the 18 percent of the Bush tax cuts allowed to expire:billion over ten years comes from the expiration of cuts to the income, capital gains, and dividend tax rates for filers with taxable income above, for married couples and, for singles.

These filers retain the full Bush tax-rate cuts on their first, (or,) of taxable bushclear.buzzted Reading Time: 4 mins. Jul 09, Sounding every bit like the candidate he is, President Barack Obama called Monday for a one-year extension of Bush-era tax cuts on annual income up to, while letting those that chiefly benefit the very wealthy expire on schedule at year's end.

Jan 07, While the Bush tax cuts were designed as overwhelmingly regressive, the most recent deal does add some progressivity to the tax code, by allowing the cuts to expire on the top percent of taxpayers (remember that even if taxes do go up on someone earning, that person still enjoys lower rates on income below the,/, 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, CBS.

Dec 03, Tax cuts have been a nationwide controversy recently, with the tax cuts President George W. Bush signed into law in 20set to expire at the end of the year. Obama's plan includes allowing the Bush tax cuts to expire for the top tax brackets.

If the president will endanger America's fiscal future to avoid a tax increase, what will he give to avoid a government shutdown?

That accounts for about half of thetrillion in additional revenue. The rest comes from the"Buffett rule" (which ensures that the very wealthiest don't end up paying a lower rate than the middle class) and closing a bunch of tax loopholes.