Bipartisan-Complicity

Obama Signs American Taxpayer Relief Act Making 82% of Bush Tax Cuts Permanent - 'Fiscal Cliff' Deal Locks in $2.8 Trillion in Tax Cuts for Wealthy

2013-01-02 00:00:00 +0000 UTC | Importance: 9/10

On January 2, 2013, President Barack Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law, resolving the ‘fiscal cliff’ crisis by making permanent 82% of President Bush’s tax cuts—approximately $2.8 trillion of the $3.4 trillion total Bush tax cut package estimated …

Barack Obama Joe Biden Mitch McConnell John Boehner Harry Reid +3 more tax-policy obama-administration fiscal-cliff bipartisan-complicity wealth-transfer +4 more

Reagan Signs Tax Reform Act of 1986 - Top Individual Rate Cut from 50% to 28%, Corporate Rate Slashed from 46% to 34%, Tax Brackets Reduced from 16 to 2

1986-10-22 00:00:00 +0000 UTC | Importance: 9/10

On October 22, 1986, President Ronald Reagan signed the Tax Reform Act of 1986 (TRA86) into law, implementing the most dramatic restructuring of the federal tax code since World War II. The legislation reduced the number of individual income tax brackets from 16 to just 2, slashing the top marginal …

Ronald Reagan Dan Rostenkowski Bob Packwood Bill Bradley Jack Kemp +2 more tax-policy reagan-administration supply-side-economics wealth-transfer corporate-corruption +3 more