The looming Obama tax increases

Will the Bush tax cuts soon be the Obama tax increases?

There has been much talk recently of extending the Bush tax cuts. These tax cuts were passed during President Bush’s administration in 2001 and 2003 to fight the recessions that resulted from the tech stock bubble and the 9/11 terror attacks. To get the votes needed to pass the tax cuts, an expiration date of December 31, 2010 was written into the law.

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Tags: Bush tax cuts, economy, George W. Bush, Hauser's Law, increase, obama