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Dec 17, President Signs Into LawBillion Compromise Bill That Also Extends Unemployment Insurance and Cuts Payroll Taxes. Sep 07, In his debut article as a columnist for The New York Times, Peter Orszag is urging a two year extension of the Bush tax treelopping.buzz was the Obama administration’s OMB Director until the end of July, and he previously was Speaker Pelosi’s Director of the Congressional Budget treelopping.buzzted Reading Time: 2 mins.

Nov 23, When people refer to President Obama's tax cuts, they generally refer to thebillion tax cut deal signed in It extended the Bush tax cuts through and unemployment benefits through It cut payroll taxes by 2 percentage points, addingbillion to workers' spendable treelopping.buzzted Reading Time: 8 mins.

Jul 11, After a protracted debate, Congress and President Obama agreed at the end of to extend the Bush tax cuts for two years, and They allowed the Making Work Pay Credit to expire but replaced it with a payroll tax “holiday” which reduced Social Security payroll taxes paid inand this was eventually extended through Dec 07, Barack Obama gives way to Republicans over Bush tax cuts This article is more than 10 years old Allies say president 'blackmailed' into extending tax.