Obama's 2008 promises: kept or broken?
Four years ago, when President Obama accepted the presidential nomination at the Democratic convention in Denver, he made several specific policy promises -- in addition to general promises of hope and change. Here's a look at the specific promises from that speech and whether or not he's followed through.
"I will stop giving tax breaks to companies that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America." PARTIALLY KEPT
"I'll eliminate capital gains taxes for the small businesses and start-ups that will create the high-wage, high-tech jobs of tomorrow." PARTIALLY KEPT
The Small Business Jobs Act of 2010 exempted small businesses from paying taxes on capital gains that met certain requirements, but only temporarily. Congress later extended the exemption to eligible stock acquired before January 1, 2012. The administration has proposed making the exemption permanent.
"I will -- listen now -- I will cut taxes -- cut taxes -- for 95 percent of all working families, because, in an economy like this, the last thing we should do is raise taxes on the middle class." KEPT
The 2009 American Recovery and Reinvestment Act (the stimulus) cut taxes for 95 percent of working families by changing withholding rates.
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