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However, frustration over the costs of the economic stimulus package.

Barack Obama & the Bush Tax Cuts Brien Page 2 Problem Statement & Introduction The economy of the United States continues to be on an unstable foundation, with the threat of a prolonged recession eminent. President Obama and his economic advisors have developed a strategy they believe will bring about economic growth. Nov 23, It applied a 35% tax rate to estates worth over 5 million for individuals.

1. But Obama also cut taxes in and In billion were cut as part of the American Recovery and Reinvestment Act. 2 InObama approved the permanent extension of the Bush tax cuts for those below a certain income bushfelling.buzzted Reading Time: 8 mins.

Dec 07, Krugman wrote in the New York Times. of the weakness that was produced November 2 which in turn was a symptom of the weakness produced by a bad economy and Obama's decisions." Bush tax bushfelling.buzzted Reading Time: 6 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.

Sep 08, Sept. 7, WASHINGTON President Obama on Wednesday will make clear that he opposes any compromise that would extend the Bush-era tax cuts Estimated Reading Time: 6 mins.