Congressional Research Service.

Nov 23, It provided tax cuts for investments in renewable energy and other small business tax cuts.   The Congressional Budget Office estimated ARRA would save betweenand million jobs.   In addition to tax cuts, it spentbillion Estimated Reading Time: 8 mins. Dec 17, Mr. Obama, who had long opposed extending the Bush tax cuts for America's highest-earners, has argued he had no choice but to agree to GOP demands to do so in order to avoid a tax increase on the Estimated Reading Time: 5 mins.

Jan 03, the increase in the cost of “patching” the Alternative Minimum Tax (AMT), caused by the other Bush tax cuts, to ensure that more middle-income taxpayers are not subject to the AMT. The other Bush tax cuts threw more taxpayers onto the AMT. That increased the cost of indexing the AMT parameters for inflation.

(Otherwise, the AMT would have cancelled out much of the value of the other Estimated Reading Time: 4 mins. Feb 28, Obama had pledged to allow the Bush tax cuts to expire for those making more than, a year. 14 The Tea Party said this would stifle job creation by hurting the small business owners who create 60% of all new jobs.

15 This had an impact on the mid-term elections, which created a Republican majority in the House. 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 bushleaning.barted Reading Time: 7 mins. Dec 07, Barack Obama is bowing to Republican demands to extend a deep tax cut for wealthier Americans, to the fury of some of the president's allies who say he has succumbed to"blackmail".Estimated Reading Time: 6 mins.