Moron, you don't recover from steep recessions like the one Bush43 and the greedy bankers put the USA into in 6 months to a year. Companies are making as much money now as they ever have, thanks to the recovery. If employees at the bottom of the organization chart are not getting promotions and raises, that is not the fault of Obama.
The Bush43 tax cuts were suppose to expire in December 2010 for all tax brackets. The Bush43 tax cuts for the lowest tax brackets are still in effect today. In Jan. 2013 the tax bracket for one percent was increased to 39.6% (the same percentage that it was under Clinton).
Republicans have not done anything to help the 47%.
Republicans in congress have refused to extend unemployment benefits.
Republicans in congress refuse to increase the minimum wage.
Republicans in congress want to rewrite the Dodd/Frank bill to make it easier for Wall Street to participate in risky transactions that caused the Wall Street meltdown in 2008.
Originally Posted by flghtr65
Obama has kept the tax percentages the same for the 47% during his term. From the link.
The Bush tax cuts had
sunset provisions that made them expire at the end of 2010, since otherwise they would fall under the
Byrd Rule. Whether to renew the lowered rates, and how, became the subject of extended political debate, which was resolved during the
presidency of Barack Obama by a two-year extension that was part of a larger tax and economic package, the
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. In 2012, during the
fiscal cliff, the tax cuts were made permanent for single people making less than $400,000 per year and couples making less than $450,000 per year, and eliminated for everyone else, under the
American Taxpayer Relief Act of 2012
Before the tax cuts, the highest marginal income tax rate was 39.6 percent. After the cuts, the highest rate was 35 percent. Once the cuts were eliminated for high income levels (single people making $400,000+ per year and couples making $450,000+ per year), the top income tax rate returned to 39.6 percent.
http://en.wikipedia.org/wiki/Bush_tax_cuts