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Barack Obama & the Bush Tax Cuts Brien Page 2 Problem Statement & Introduction The economy of the United States continues to be on an unstable foundation, with the threat of a prolonged recession eminent. President Obama and his economic advisors have developed a strategy they believe will bring about economic growth. 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 shrubnotch.buzzted Reading Time: 8 mins. 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.

This is according to an Economy.

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]Estimated Reading Time: 4 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. 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, CBSEstimated Reading Time: 5 mins. Dec 07, Barack Obama gives way to Republicans over Bush tax cuts This article is more than 10 years old Allies say president 'blackmailed' into extending tax cut for wealthier Americans which may cost.