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The Principles of the Truth-O-Meter.

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. 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. Nov 23, It applied a 35% tax rate to estates worth over 5 million for individuals.

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But Obama also cut taxes in and In billion were cut as part of the American Recovery and Reinvestment Act. 2 InObama approved the permanent extension of the Bush tax cuts for those below a certain income treeleaning.buzzted Reading Time: 8 mins. Dec 07, Barack Obama gives way to Republicans over Bush tax cuts.

But leading Democrats say the president is backing down and has agreed to extend tax cuts for everyone. In return, the White House Estimated Reading Time: 6 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.

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The Joint Committee on Taxation (JCT) and Congressional Budget Office estimate that making permanent all of the Bush tax cuts would have costtrillion over [2]Estimated Reading Time: 4 mins. Jan 02, President Obama has said he would roll back the Bush tax cuts on higher incomes, meaning, in income for singles and, for couples.

But he intends to leave in place the Bush tax cuts.