This is according to an Economy.

Nov 23, 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 level. This was part of the fiscal cliff package.

Incomes at and above the threshold were taxed at the Clinton-era

3 Economic Stimulus PackageEstimated Reading Time: 8 mins. 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, Estimated Reading Time: 5 mins. Jul 11, After another protracted debate, Congress and President Obama agreed at the start of to make most, but not all, of the Bush tax cuts permanent.

The same legislation extended the expansions of the EITC and Child Tax Credit for five years.

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InCongress made the expansions of the EITC and Child Tax Credit permanent. 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. Jan 03, The American Taxpayer Relief Act of (ATRA), 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.

Jun 07, The future of the Bush tax cuts was a central issue in the presidential campaign, in which John McCain advocated making almost all of the cuts permanent, and Barack Obama called for extending the cuts only for families earning less than,