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Bush tax cuts
Tax Cuts and Unemployment Benefits: It's a Win-Win!
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Congress Sends Tax Cut Bill to President Obama
By not in system - AOL News(Dec. 17) - The House voted 277 to 148 Thursday to temporarily extend the Bush tax cuts, continue unemployment benefits for 13 months and approve a series of smaller tax credits, cuts and extensions. ...
House Moves Toward Final Passage of Tax-Cut Deal
By not in system - AOL NewsWASHINGTON (Dec. 16) -- Acting with uncommon speed, Congress moved toward final passage Thursday night of sweeping, bipartisan legislation to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years. The measure also will cut Social Security taxes for nearly every wage-earner and pump billions of dollars into the still-sluggish economy. The legislation was the result of a reach across party lines by President Barack Obama and top Republicans in Congress - stubborn adversaries during two years of political combat that ended ...
Showdown Over Estate Tax Threatens Tax-Cut Compromise
By Patricia Murphy - Politics DailyWith less than two weeks left until the Bush tax cuts are scheduled to expire, the House of Representatives will vote Thursday on a compromise package negotiated between President Obama and Senate Republicans to temporarily extend current tax rates, while also extending unemployment benefits for 13 months. But not before voting on an amendment to the package that could unravel the entire deal. Although the Senate passed the compromise measure by a vote of 81 to 19 on Wednesday, House Democrats have remained defiant toward the White House over what they say were unnecessary giveaways from the ...
A Third of Democrats Say Obama Compromised Too Much on the Tax Deal
By Bruce Drake - Politics DailyAbout a third of Democrats say President Obama compromised too much in reaching a tax-cut deal with Republicans, but more than half of them said the amount of compromise was "about right" or not enough, according to a USA Today/Gallup poll conducted Dec. 10-12. Compared to the 34 percent of Democrats who said Obama compromised too much, 40 percent of them said the deal he made was "about right" and 15 percent said it was not enough. Twelve percent had no opinion. A higher number of Democrats than the public at large felt Obama went too far. Overall, 38 percent of Americans said the amount ...
Senate Passes Package Extending Tax Cuts
By not in system - AOL NewsWASHINGTON (Dec. 15) -- The Senate Wednesday overwhelmingly passed a sweeping tax package that would save millions of Americans thousands of dollars in higher taxes while also reducing their Social Security taxes and extending jobless benefits. The $858 billion package now goes to the House, where many Democrats are unhappy with a provision that allows estates as large as $10 million to pass to heirs tax-free. Democratic leaders, however, say they expect the bill to ultimately pass and become law. A wide array of tax cuts enacted under President George W. Bush is scheduled to expire on Jan. ...
Obama Urges Passage of Tax-Cut Deal, Pledges to Work with Business Community
By Alex Wagner - Politics DailyAs the Senate headed toward a final vote on the tax-cut package he helped negotiate with Republican leaders, President Obama reiterated his commitment Wednesday to working both across the aisle and alongside the business community to address the country's short- and long-term economic woes. Of the Bush tax-cut compromise -- a solution that has won Obama much criticism from House Democrats and others in his liberal base -- he said, "I am absolutely convinced that this tax cut plan, while not perfect, will grow our economy and create jobs in the private sector." In his statement to ...
Can Democrats Break Out of the Blame Game on Taxes?
By Jill Lawrence - Politics DailyDemocrats now have two years to plan and execute their next strategy on taxes. Will they blow it again and blame each other for the mess? Liberals may be outraged by the deal President Obama cut with Republicans, but what the heck did they expect him to do? To my mind, congressional Democrats abdicated their seat at the table the minute they left town in October without having voted on his signature issue: extending Bush-era tax cuts for household income below $250,000 (to help the middle class) and letting them expire on all income above that. With the lower rates for all incomes set to ...
Democrats a l'Orange
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Tax Cut Deal Advances in Senate
By not in system - AOL News
WASHINGTON (Dec. 13) -- Far-reaching legislation to avert a Jan. 1 income-tax increase for millions won overwhelming support in a Senate test vote on Monday, backed by an uneasy and unusual alliance between the White House and lawmakers in both parties. Even before the vote was complete, President Barack Obama said the show of support "proves that both parties can in fact work together to grow our economy and look out for the American people." Senate passage, expected within a day or two, would set up a final showdown in the House between Obama and liberals in his own party who want the ...
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