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Dec 08, Obama Extends Bush Tax Cuts. The deal the President struck with Republican leaders is an abomination.

We'll check back on this promise in, but for now we're rating this Promise Kept.

It will costbillion over the next Reviews: 6. 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.

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. Nov 23, It applied a 35% tax rate to estates worth over 5 million for individuals.

1. 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. 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 Jan 03, The American Taxpayer Relief Act of (ATRA)[1], which President Obama signed into law last night, makes permanent 82 percent of President Bush’s tax cuts.

The Joint Committee on Taxation (JCT) and Congressional Budget Office estimate that making permanent all of the Bush tax cuts would have costtrillion over [2]. Aug 06, But a major battle is brewing over whether to extend the so-called tax cuts for the rich.

But President Obama wants to allow the Bush tax cuts to expire for individuals making more than. Dec 07, Dec. 7, -- President Obama reached a landmark compromise with Congressional Republicans last night to extend the Bush tax cuts to all Americans for. Jul 09, President Barack Obama calls Monday for Congress to pass a one-year extension of the Bush-era tax cuts for families earning less than, a year.