Obama Declares Victory on Tax hikes and Averting Fiscal Cliff

Thursday, January 3, 2013

The White House asserts victory in a declaration on its website for the passage of a bill discuss between President Barack Obama and congressional leaders that will evade the fiscal cliff. The automatic tax augment and expenditure cuts were planned to go into effect when centralized government business resumes after the New Years Day national holiday.

The bill, known as The American Taxpayer Relief Act of 2012, was officially passed lacking alteration by the U.S. House of legislature on January 1, 2013. The United States Senate formerly passed the bill shortly after midnight on New Year’s Eve after being discussed by committee leadership and Vice President Joe Biden.

President Barack Obama directly delivered a statement in the White House Press meeting Room in which he claimed conquest for raising taxes on the “wealthiest 2 percent of Americans” and satisfying the “central premise” of his crusade that was “too skewed towards the wealthy at the expenditure of functioning middle-class Americans”.

President Obama seemed floating and successful as he strode to the microphone with Vice President Joe Biden at his side. He spoke assertively with an apparent sense of approval concerning the outcome of the often tense discussions, even calling Vice President Biden “extraordinary” early in his seven-minute speech.

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