Tax Cut Law 2010: Extended for 2 more Year's- Obama Sighned

Sunday, December 19, 2010 | Tags: america's tax cut announcement, tax cut, Tax cut announcement, tax cut by obama, tax cut for riches

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Tax Cut Announced

Tax cut law, which was signed into law by President Barack Obama on Friday, will also extened the Bush era tax cuts for the rich another two years.But in the mean time Conservative Republicans and liberal Democrats joined in opposing the tax cuts orchestrated by President Obama.

The gigantic new tax cut package might be worrying so-called "bond vigilantes," investors who demand a higher default premium as the US debt grows.

A tax cut is a reduction in taxes. The immediate effects of a tax cut are a decrease in the real income of the government and an increase in the real income of People.

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