Tax cut

Did Obama manage to salvage a bad year?

Did Obama manage to salvage a bad year?

From the wreckage of the mid-term elections, US President Barack Obama, preaching pragmatism and bi-partisanship, is engineering a political rebound and reinvigorating his administration. Yet there are signs that the rare moment of compromise that drove a massive 858-billion dollar, economy-boosting, tax cut bill through Congress may be fleeting, with next year’s battle with Republicans […]

Economic stimulus sets the stage for next year’s big fight

Economic stimulus sets the stage for next year’s big fight

In the year-end tax debate of 2010, President Barack Obama got the economic stimulus he sought while Democrats in Congress settled for picking a political fight. Far more quietly, Republicans pocketed a two-year extension of George W. Bush-era tax cuts at all income levels and a sweetened estate tax to go with it, without having […]

Weiner raps Obama on tax deal

Weiner raps Obama on tax deal

A prominent Democratic opponent of the tax cut package passed by Congress says Republicans got the better of President Barack Obama in the negotiations to reach agreement on the $858 billion deal. Democratic congressman Anthony Weiner of New York says Republicans turned out to be “better poker players” than the president. He told CBS‘ Early […]

Obama claims tax deal will help middle class

Obama claims tax deal will help middle class

President Barack Obama says a tax cut package that’s about to become law will give a much-needed holiday-season boost to middle class Americans and spur the ailing economy. The president called the deal “real money that’s going to make a real difference in people’s lives.” Obama spoke Friday before signing the $858 billion bill that […]

Tax bill foes say ‘yes, damn it,’ it will pass

Tax bill foes say ‘yes, damn it,’ it will pass

With the White House stepping up pressure and even bringing in former President Bill Clinton as the closer, even foes of the Obama tax cut deal see it passing and passing soon. Obama chief advisor David Axelrod acknowledged the tough battle will be in the House, which has rejected the legislation already but the aide […]

Can Obama reconnect with independents?

Can Obama reconnect with independents?

In political terms, President Barack Obama‘s tax-cut compromise with Republicans amounted to a step toward luring back independent voters whose support he needs to win re-election in 2012. Never mind that the deal alienated his liberal base; there’s no clear alternative Democrat to run against him. Perhaps more likely is a bid by an independent […]

Obama’s tax bill turns into a Christmas tree

Obama’s tax bill turns into a Christmas tree

‘ Tis the season and President Barack Obama‘s controversial grab bag of tax cuts, unemployment benefits and other goodies is turning into a typical “Christmas tree” legislation that packs a log of gifts for lawmakers in exchange for help. But the question remains over whether even packing the bill with lard, and bringing in former […]

Public split over GOP’s agenda

Public split over GOP’s agenda

People back Republican tax cut plans but not the GOP campaign to repeal President Barack Obama‘s health care overhaul, according to a poll suggesting that the Republicans’ big Election Day win was not a mandate for the party’s legislative wish list. Fifty-three percent say income tax cuts that soon will expire should be renewed for […]

Obama to GOP: Let’s extend middle class tax cuts

Obama to GOP: Let’s extend middle class tax cuts

President Barack Obama is appealing to victorious Republicans to go along with his plan to extend tax cuts for the middle class, saying the election is over and it’s time to down to business. But it’s not fair, he says, to make permanent the Bush-era cuts for the wealthiest because that would require the U.S. […]