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Bush era tax cuts
Poll Shows Strong Public Support for Tax Cut Deal
By Joseph Schuman - AOL News
(Dec. 13) -- Conservatives, liberals and political independents are markedly in sync when it comes to the deal President Barack Obama forged with Republicans on extension of the Bush-era tax cuts and unemployment benefits. A poll released today by the Pew Research Center indicates a strong bipartisan majority backs the deal, including 62 percent of Republicans, 63 percent of Democrats and 60 percent of independents. Within the parties, 64 percent of conservatives and 65 percent of liberals favor the deal. At a time when the two parties' elected officials in Washington have been bitterly ...
Will Conservative Republicans Revolt Against Tax-Cut Deal?
By Andrea Stone - AOL NewsWASHINGTON (Dec. 7) -- Republicans are crowing victoriously over the framework agreement that temporarily extends Bush-era tax cuts and reduces payroll taxes in exchange for extending unemployment benefits. Liberals are seething. But is it possible the deal will rile fiscal hawks on the right even more? After all, if last year's $800 billion stimulus plan was as "job-killing" as the Republican mantra would have it, why is this week's $900 billion tax cut deal "a new direction" to revive the economy, as Senate Minority Leader Mitch McConnell called it? Neither includes spending cuts to pay for ...
Pelosi, Hoyer Want Changes to Tax-Cut Compromise
By Patricia Murphy - Politics DailyFacing heated opposition from House Democrats to the tax cut compromise President Obama announced Monday night, House Speaker Nancy Pelosi and Majority Leader Steny Hoyer said Tuesday they want changes to the proposal before they or their caucus can support it. In a meeting with reporters, Hoyer repeatedly referred to the tentative agreement as a "framework" and a "construct" and made it clear that the package did not have the endorsement of House Democrats before the president announced it. "There was no consensus and no agreement reached by House leadership," Hoyer said. The proposed deal ...
Obama Defends Deal With Republicans on Tax Cuts
By not in system - AOL News
WASHINGTON (Dec. 7) -- With fellow Democrats balking, President Barack Obama declared Tuesday that a compromise with Republicans on tax cuts was necessary to help the economy and protect recession-weary Americans. He passionately defended his record against Democrats who complain he's breaking campaign promises. "Take a tally. Look at what I promised during the campaign. There's not a single thing that I haven't done or tried to do," the president said. He staunchly defended his decision to deal with the GOP in order to extend about-to-expire tax cuts for all Americans. "There are some ...
Lawmakers Return to Capitol to Clean Up Leftovers
By not in system - AOL NewsWASHINGTON (Nov. 29) -- Congress has more than a plateful of leftovers to deal with as lawmakers return to the Capitol on Monday. At the top of the pile are the George W. Bush-era tax cuts, enacted in 2001 and 2003 and due to expire at year's end. President Barack Obama and most Democrats want to retain them for any couple earning $250,000 or less a year. Republicans are bent on making them permanent for everybody, including the richest. The cuts apply to rates on wage income as well as to dividends and capital gains. A failure to act would mean big tax increases for people at every income ...
Left Despairs as Fight on Tax Cuts Appears to End
By not in system - AOL News
(Nov. 11) -- Bowing to Republican wishes, David Axelrod tells The Huffington Post the Obama administration will accept an extension of the Bush-era tax cuts for everyone, including those making over $250,000. "We have to deal with the world as we find it," Obama's top political adviser said. "I don't want to trade away security for the middle class in order to make that point." It's discouraging news for liberals who had been pushing for a middle-class-only tax cut and a significant victory for ascendant Republicans who already seem to be holding sway. Here's the buzz in the ...
Obama: GOP Vision 'Not the America We Believe In'
By not in system - AOL NewsPresident Obama flew to Ohio on Wednesday to issue a sharp rebuke to the Republican Party, present several new measures aimed at boosting the economy, and to call for an end of Bush-era tax cuts for the wealthy. ...
Obama Economy Speech: GOP Vision for U.S. 'Not the America I Believe In'
By Alex Wagner - Politics DailyPresident Obama flew to Ohio on Wednesday to issue a sharp rebuke to the Republican Party, present several new measures aimed at boosting the economy, and to call for an end of Bush-era tax cuts for the wealthy. Speaking at Cuyahoga Community College campus in Parma, a Cleveland suburb, the president took aim squarely at the GOP and specifically at Republican House leader John Boehner of Ohio, who had visited the state last month to criticize the White House economic strategy. Obama cited Boehner by name several times and called Republican prescriptions for the country, "not the America I ...
Opinion: Here Comes the Debate Over Letting Tax Cuts Expire
By not in system - AOL News(July 27) -- On Sunday, Treasury Secretary Tim Geithner appeared on "This Week" to discuss what The New York Times declares will be Washington's "next big battle" -- the expiration of Bush-era tax cuts. The Obama administration is leading a Democratic move to let the cuts for the upper tax brackets expire, extending the cuts only for families and individuals earning less than $250,000 and $200,000 a year, respectively. Geithner says this expiration will not hurt the struggling economy. Republicans beg to differ. Their respective arguments for and against, plus some handicapping of the ...
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