Obama Jobs Act – 2012 Payroll Tax cuts, Unemployment Extension, Infrastructure Spending and Small Business Incentives

[Update Sep 2011] – President Obama has revealed details on his new $447 billion Americans Jobs Act and it is pretty much in line with what I had referenced in my earlier update (see below) before his speech. Here are the main things he is proposing that now go to …

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Obama’s 2012 Job Creation Stimulus and Tax Cuts – Can the New Economic Plan Really Boost The Economy and Lower Unemployment?

[Update – American Jobs Act a.k.a 2012 Economic Stimulus] In what is essentially the 2012 stimulus package, President Obama has released details on the American Jobs Act which involves spending over $400 billion dollars to boost economic growth. The key provisions are: – Extension of employee payroll tax cuts into …

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Health Insurance Tax Credits to Help Millions of Middle-Class Families in Affordable Insurance Exchanges

As part of new regulations under Obama’s health care legislation the U.S. Department of the Treasury and the Department of Health and Human Services (HHS) today took the next steps to establish Affordable Insurance Exchanges – one-stop marketplaces where consumers can choose a private health insurance plan that fits their …

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Payroll Tax Credit and Unemployment Insurance Benefits Extension

See updated details on the potential 2020 payroll tax cut ______________________ [Updated- 2012 Payroll Tax Credit Holiday, Unemployment Benefits and Medicare Doctor Payments Extended to Dec 31st] With House Republican support Congress has passed legislation extending the federal payroll tax holiday through the end of the year without demanding spending …

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2013 Debt Ceiling Increase Debate – Social Security, Medicare, Medicaid, Defense, Education and Food Stamp Spending Cuts

[2013 Update] As I was updating this article, originally written in mid-2011 following the first debt ceiling deal, I got a major sense of deja-vu. After 18 months we are back in the same place with a dysfunctional Congress who barely passed legislation to avert the fiscal cliff.  But it’s …

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Obama’s 2011 Deficit Reduction Plan – Reducing the National Debt By Cutting Medicare, Defense Spending and Raising Taxes

Following on the heels of the protracted budget extension debate and as a precursor to the fight for raising the $14.3 trillion national debt ceiling, President Obama has revealed his high level plan to tackle America’s growing  national debt challenge. His debt plan is also a response to the Republican’s 2012 budget plans …

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2016-2017 American Opportunity Education Tax Credit (AOTC) Extension – Eligibility, Income and Phase-out Limits

Congress and the Obama administration reached an agreement a few years ago that extended the American Opportunity Tax Credit (AOTC) through 2018. The AOTC allows parents and students to receive a tax credit of up to $2,500 for qualified college expenses, based on certain income limits. The AOTC replaced the smaller Hope …

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