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That means older Americans are going to get squeezed, while our ability to.

Dec 17, Obama Signs Bill To Extend Bush Tax Cuts. By Brian Montopoli December 17, / PM / CBS News President Barack Obama, center seated, smiles after signing thebillion tax deal into law Estimated Reading Time: 5 mins.

In an interview during these debates, former President Bush said, I wish they would have called it something other than the 'Bush tax cuts'.

Nov 23, It extended the Bush tax cuts through and unemployment benefits through It cut payroll taxes by 2 percentage points, addingbillion to workers' spendable income. It extended a college tuition tax credit. It also included 58 billion in industry-specific tax cuts. Obama’s deal revived the inheritance tax that had been eliminated inbut had been set to return to higher level.

In other words, with this bill President Obama cut taxes by more, in raw dollar amounts, in just half of his term than George W.

It applied a 35% tax Estimated 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. The Joint Committee on Taxation (JCT) and Congressional Budget Office estimate that making permanent all of the Bush tax cuts would have costtrillion over Estimated Reading Time: 4 mins.

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. Dec 07, Barack Obama gives way to Republicans over Bush tax cuts. Barack Obama is bowing to Republican demands to extend a deep tax cut for wealthier Americans, to the fury of some of the president's Estimated Reading Time: 6 mins.