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As long as Republicans believe that Mr Obama will do anything to avoid short-term pain.

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, CBSEstimated Reading Time: 5 mins. Jul 09, Sounding every bit like the candidate he is, President Barack Obama called Monday for a one-year extension of Bush-era tax cuts on annual income up to, while letting those that chiefly benefit the very wealthy expire on schedule at year's end. Jan 03, Here’s the 18 percent of the Bush tax cuts allowed to expire:billion over ten years comes from the expiration of cuts to the income, capital gains, and dividend tax rates for filers with taxable income above, for married couples and, for singles.

These filers retain the full Bush tax-rate cuts on their first, (or,) of taxable stumphauling.buzzted Reading Time: 4 mins. Feb 28, During his presidential campaign. 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. Jul 09, Mitt Romney. United States Senator.

Sounding every bit like the candidate he is, President Barack Obama called Monday for a one-year extension of Bush-era tax cuts on annual income up to, Estimated Reading Time: 7 mins. Feb 21, Obama, who promised during his White House campaign to roll back tax cuts on people earning more than, also plans to boost tax collections from about 16 percent of the economy this year. Dec 07, Barack Obama gives way to Republicans over Bush tax cuts. This article is more than 10 years old. The tax cuts expire at the end of this year.

Republicans campaigned in last month's midterm.