Taxes


Release Time: For Immediate Release 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.

Release Time: For Immediate Release 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.

Release Time: For Immediate Release WASHINGTON, DC – Today, President Barack Obama announced his intent to nominate the following individuals to key Administration posts: •Deborah J.

Release Time: For Immediate Release Today, Republicans and Democrats in the Senate did the right thing and passed tax credits that will encourage businesses to hire America’s veterans.

Release Time: For Immediate Release 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.
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