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 Estimated Reading Time: 5 mins. 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. It applied a 35% tax Estimated 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 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.