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But most of those benefits accrued either to families with children or high-income earners.

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 deal into law Estimated Reading Time: 5 mins. Nov 23, When people refer to President Obama's tax cuts, they generally refer to thebillion tax cut deal signed in 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 bushpruning.buzzted Reading Time: 8 mins. Jan 03, The American Taxpayer Relief Act of (ATRA) [1], which President Obama signed into law last night, makes permanent 82 percent of President Bush’s tax cuts.

The Joint Committee on Taxation (JCT) and Congressional Budget Office estimate that making permanent all of the Bush tax cuts would have costtrillion over Estimated Reading Time: 4 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.

Dec 17, The Treasury reports found that, sincethree other tax cut bills have been bigger: Reagan's cuts, and two bills passed by Obama to extend the Bush tax cuts.