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It cut individual income tax rates, doubled the standard deduction.

Jun 07, However, when the cuts were finally due to expire inPresident Obama extended the cuts for yet another two years, seeking to avert a sudden and dramatic tax increase on American families in the middle of an economic recovery. As a result, the future of the Bush tax cuts became a major campaign issue in as bushcutter.buzzted Reading Time: 7 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 bushcutter.buzzted Reading Time: 8 mins.

Feb 28, 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.

Dec 17, Obama Signs Bill To Extend Bush Tax Cuts.

Do Tax Cuts Create Jobs?

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.

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. 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.