Taxes
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The President said that Congress cannot go home without preventing a tax increase on 160 million hardworking Americans, and the deal announced tonight meets that test.
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I want to congratulate Republicans and Democrats in Congress for coming together to pass these tax credits that will encourage businesses to hire America’s veterans. No veteran who fought for our country should have to fight for a job when they come home. That’s why I proposed these tax credits back in August, and I look forward to signing them into law.
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WASHINGTON, DC – Today, President Barack Obama announced his intent to nominate the following individuals to key Administration posts:
•Deborah J.
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Today, Republicans and Democrats in the Senate did the right thing and passed tax credits that will encourage businesses to hire America’s veterans.
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WASHINGTON – In his weekly address, President Obama looked forward to how the tax cut package he signed into law in December will benefit millions of Americans in the new year. For one year, any business, large or small, can write off the full cost of most of their capital investments. The payroll tax cut will mean $1,000 more this year for a typical family – 155 million workers will see larger paychecks because of that tax cut. Twelve million families will benefit from a $1,000 child tax credit and an expanded Earned Income Tax Credit. And eight million students and families will continue to benefit from a $2,500 tuition tax credit. Independent experts have concluded that the tax cut package should significantly accelerate the pace of the recovery.
More News
- Weekly Address: START is About the Safety and Security of America; Not Scoring Political Points
- Remarks by the President and the Vice President Before Signing the Middle-Class Tax Cuts Bill
- Statement by the President on Senate Passage of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
- WEEKLY ADDRESS: President Obama Strongly Urges Passage of the Framework Agreement on Middle Class Tax Cuts
- Congressman Cuellar Backs Middle Class Tax Cut Framework
- Congressman Adler Backs Middle Class Tax Cut Framework
- Columbia, SC Mayor Backs Middle Class Tax Cut Framework
- Remarks by President Obama and Former President Clinton
- Republican Mayor of Arlington, Texas Backs Middle Class Tax Cut Package
- Ohio Governor Backs Middle Class Tax Cut Framework
- Orlando Mayor Backs Middle Class Tax Cut Framework
- Akron Mayor Backs Middle Class Tax Cut Framework
- Long Beach Mayor Backs Middle Class Tax Cut Framework
- Congresswoman Bean Backs Middle Class Tax Framework
- Republican Fresno Mayor Backs Middle Class Tax Cut Framework
- Kokomo Mayor Backs Middle Class Tax Cut Framework
- Congressman Murphy Backs Middle Class Tax Cut Framework
- Connecticut Governor Backs Middle Class Tax Cut Framework
- Governor Culver Backs Middle Class Tax Cut Framework
- Des Moines Mayor Backs Middle Class Tax Cut Framework
- Miami Mayor Backs Middle Class Tax Cut Framework
- Senator Akaka Backs Middle Class Tax Cut Framework
- St. Louis Mayor Backs Middle Class Tax Cut Framework
- Governor Doyle Backs Middle Class Tax Cut Framework
- Republican OKC Mayor Backs Middle Class Tax Cut Framework
- Senator Kerry Backs Middle Class Tax Cut Framework
- Cincinnati Mayor Backs Middle Class Tax Cut Framework
- Governor Henry Backs Middle Class Tax Cut Framework
- Congressman Edwards Backs Middle Class Tax Cut Framework
- Columbus, OH Mayor Backs Middle Class Tax Cut Framework
- Governor Granholm Backs Middle Class Tax Cut Framework
- Congressman McMahon Backs Middle Class Tax Cut Framework
- Philadelphia Mayor Backs Middle Class Tax Cut Framework
- Senator Conrad Backs Middle Class Tax Cut Framework
- Senator Lincoln Backs Middle Class Tax Cut Framework
