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Obama said the bill would create jobs and boost the still-struggling U.

Dec 17, Obama Signs Bill To Extend Bush Tax Cuts. By Brian Montopoli December 17, / PM / CBS News President Barack Obama, center 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.

He called it a substantial victory for middle class families who would otherwise have seen a tax increase.

It Estimated Reading Time: 8 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. Feb 28, 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. Jan 03, all of the income, capital gains, and dividends tax cuts first enacted under President Bush; the estate tax at the levels that it was at in; and; the increase in the cost of “patching” the Alternative Minimum Tax (AMT), caused by the other Bush tax cuts, to ensure that more middle-income taxpayers are not subject to the AMT.

The other Bush tax cuts threw more taxpayers onto the stumpgrind.buzzted Reading Time: 4 mins. Dec 07, 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 allies who say he has succumbed to"blackmail".