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Several Democratic senators facing difficult re-election fights have signaled that they will break with the.

Jul 09, 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, while letting those that chiefly benefit the very wealthy expire on schedule at year's end. The proposal reignited an election-year fight designed to polish his credentials as a Estimated Reading Time: 7 mins.

Dec 07, Krugman wrote in the New York Times. November 2 which in turn was a symptom of the weakness produced by a bad economy and Obama's decisions." Bush tax cuts. The tax cuts expire at the end Estimated Reading Time: 6 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, 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.

Dec 17, The tax cut package angered liberals in the president's party due to the extension of the Bush-era tax cuts for the roughly two percent of highest-earning Americans, which comes at a cost ofEstimated Reading Time: 5 mins. Obama's plan includes allowing the Bush tax cuts to expire for the top tax brackets.

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

That accounts for about half of thetrillion in additional revenue. The rest comes from the"Buffett rule" (which ensures that the very wealthiest don't en.