![]() The Middle-Class Tax Relief Act provides a two-year, across-the-board extension of Bush-era tax cuts, a 2 percent rollback of Social Security payroll taxes, extends unemployment insurance for 13 months, and brings back the estate tax at 35 percent for 2 years on estates of more than $5 million. On Wednesday, the Senate overwhelmingly passed the legislation by an 81 to 19 vote, and on Thursday the House approved the bill by a vote of 277 to 148 members. He is the author or coauthor of many articles and several books, including Golden Rule (University of Chicago Press, 1995) and Right Turn (Hill & Wang, 1986).ĭANYA NADAR, TRNN: On Friday, December 17, 2010, President Obama signed into law an $850 billion tax cut package after receiving clearance from the US House of Representatives. from Princeton University and taught formerly at the Massachusetts Institute of Technology and the University of Texas, Austin. ![]() ![]() ![]() Tom Ferguson: Obama-GOP bill a weak stimulus plan but a big give away to the super rich.īio: Thomas Ferguson is Professor of Political Science at the University of Massachusetts, Boston and a Senior Fellow of the Roosevelt Institute. ![]()
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