- One-year payroll tax cut
- 100% bonus depreciation through 2011 and 50% bonus depreciation for 2012
- Extenders tax relief
- AMT "patch"
- Top federal estate tax rate of 35% with a $5 million exclusion
12.23.10
On December 6th, President Obama and GOP leaders agreed to the framework of the Tax Relief, Unemployment Insurance Reauthorization and Jobs Creation Act of 2010 (Tax Relief Act of 2010) to extend Bush-era tax cuts which were originally due to expire on December 31, 2010. In an expected move on the evening of December 16th, the U.S. House of Representatives voted in favor of the bill after the Senate gave its approval earlier in the week. The bill will now be sent to the President to be signed into law.