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. Nov 23, It applied a 35% tax rate to estates worth over 5 million for individuals.
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 bushclear.buzzted Reading Time: 8 mins. Jan 02, On Jan. 1,Congress passed and Obama signed a law permanently extending the Bush-era rates on incomes below, for families and, for individuals.
Jan 24, On January 1,the Bush Tax Cuts expired. However, on January 2,President Obama signed the American Taxpayer Relief Act ofwhich reinstated many of the tax cuts, effective retroactively to January 1. The Act did not repeal the increase in the highest marginal income tax rate (from 35% to %) which had been imposed on Estimated Reading Time: 12 mins.
President Obama extends President Bush's Tax Cuts. Obama can blame this on Bush. This will help the economy by having new jobs created. Therefore, the econo.