Obama to Push for Partial Extension on Bush Tax Cuts

image
Published: 09 Jul, 2012
Updated: 13 Oct, 2022
1 min read

President Obama is expected to announce today at 11:50am EST, an initiative for a one year expansion of the Bush Tax cuts to families making less than $250,000 a year. The dynamic between the President, Democratic leadership and Republican opponents is one to watch this month as momentum builds towards a vote on taxes. Without action, the Bush Tax cuts will expire in their entirety on January 1st.

Latest articles

Elon Musk
Musk vs The Duopoly: Will the America Party Succeed Where Others Have Failed?
Elon Musk, the billionaire CEO of Tesla, SpaceX, and X, and former Director of the Department of Government Efficiency, has officially launched the America Party, framing it as a challenge to what he calls a “one-party system” dominated by wasteful government spending....
07 Jul, 2025
-
5 min read
CA capitol building dome with flags.
Why is CA Senator Mike McGuire Trying to Kill the Legal Cannabis Industry?
California’s legal cannabis industry is under mounting pressure, and in early June, state lawmakers and the governor appeared poised to help. A bill to freeze the state’s cannabis excise tax at 15% sailed through the State Assembly with a unanimous 74-0 vote. The governor’s office backed the plan. And legal cannabis businesses, still struggling to compete with unregulated sellers and mounting operating costs, saw a glimmer of hope....
03 Jul, 2025
-
7 min read
I voted buttons
After First RCV Election, Charlottesville Voters Back the Reform: 'They Get It, They Like It, They Want to Do It Again'
A new survey out of Charlottesville, Virginia, shows overwhelming support for ranked choice voting (RCV) following the city’s first use of the system in its June Democratic primary for City Council. Conducted one week after the election, the results found that nearly 90% of respondents support continued use of RCV....
03 Jul, 2025
-
3 min read