January 3, 2011

Obama Announces Tentative Deal to Extend Bush-Era Tax Cuts

On December 6, 2010, President Obama announced a tentative deal with Congressional Republicans to extend the Bush-era tax cuts at all income levels for two years.  This package would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy.  Included in this deal is that the estate tax would come back in 2011, but at an exemption and rate that […]