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

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 …