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20 sty 2022 · When people refer to President Obama's tax cuts, they generally refer to the $858 billion tax cut deal signed in 2010. It extended the Bush tax cuts through 2012 and unemployment benefits through 2011. It cut payroll taxes by two percentage points, adding $112 billion to workers' spendable income.
Obama increased taxes on high-income taxpayers via: a) expiration of the Bush income tax cuts for the top 1–2% of income earners starting with 2013; and b) payroll tax increases on roughly the top 5% of earners as part of the ACA.
13 gru 2010 · Some argue that the compromise is too generous to wealthy taxpayers, or that it raises taxes on low-income workers—a claim which ignores the fact that, by the same standard, the bill passed by House Democrats raises taxes on them even more, since it lets the Making Work Pay credit expire and includes no cut in payroll taxes.
4 paź 2017 · Taxes were reduced by $3.120 trillion, program spending increased $758 billion, and $1.110 trillion in interest costs resulted. The main components are summarized in Figure 4, and some details are explained below. 1. Extending tax cuts inherited from previous administrations ($4,135 billion).
7 lut 2017 · In 2009, shortly after coming to office, Obama passed a bill American Recovery and Reinvestment Act of 2009 – which involved $831 billion of economic stimulus – including tax cuts, unemployment benefits and infrastructure spending.
29 wrz 2017 · Summary. The numbers are nearly all in now. What they show about what really happened during the eight years that Barack Obama was president is sometimes different from what politicians claimed....
3 mar 2015 · Executive Summary. President Obama proposed a long list of changes to the tax system as part of his fiscal year 2016 budget. We used the Tax Foundation Taxes and Growth Model to determine the likely effect of the proposed tax changes on GDP, capital formation, employment, wages, and government revenues. We modeled two scenarios.
