Progress

  • Provided tax relief to 95 percent of working families through the Recovery Act.
    Read about the Making Work Pay Tax Credit: http://wh.gov/3RJ
  • Overcame fierce opposition to extend the payroll tax cut for 160 million American workers, saving the typical worker earning $50,000 a year about $40 with each paycheck.
    Read about the Payroll Tax Cut: http://wh.gov/DeZ
  • Created a tax credit worth $10,000 over four years that helps 9 million families cover the cost of college.
    Read about the American Opportunity Tax Credit: http://wh.gov/0Qv
  • Increased the value of a tax credit that helps workers keep more of what they earn by expanding the credit for married couples and larger families.
    Read about the Earned Income Tax Credit: http://wh.gov/jmb
  • Expanded a credit that provides tax relief for 35 million families with children. 12 million working families receive a larger credit, including 5 million previously ineligible families.
    Read about the Child Tax Credit: http://wh.gov/jmb
  • Launched a Federal Taxpayer Receipt to help American taxpayers understand exactly how their federal tax dollars are being spent.
    Read about the Federal Taxpayer Receipt: http://wh.gov/Qa5
Stop taxes from going up on 160 million workers

What's Next

  • Keep taxes low for 98 percent of Americans and nearly every small business by preventing a $2,200 tax increase for the typical family of four on January 1, 2013.
    Read about keeping taxes low for middle-class families: http://wh.gov/Yvxs
  • Ensure the wealthiest Americans do their fair share by paying at least the same tax rate as middle class families so we can reduce the deficit in a balanced way while preserving investments in education, clean energy, manufacturing, and small businesses.
    Read about: the Buffett Rule
    Read about the Buffett Rule: http://wh.gov/QcP
  • Make the American Opportunity Tax Credit permanent to give more students a fair shot at an affordable higher education.
    Read about the American Opportunity Tax Credit: http://wh.gov/30T
  • Extend the expansions of the Child Tax Credit and the Earned Income Tax Credit to help hardworking families with children become a part of the middle class.
    Read about President Obama’s FY 2013 Budget: http://wh.gov/FkR
A full 22,000 households that made more than $1 million in 2009 paid less than 15% of their income in income taxes & 1,470 households managed to pay $0