President Barack Obama left office with a low approval rating, but he had a lot of things to celebrate during his last year in office.
The first thing he did after his final State of the Union address was to give a big speech in the White House Rose Garden, where he promised a “generous” new tax break for millionaires and “a new tax relief for small businesses.”
The next day, the first of two major tax breaks for the wealthy was announced.
But it wasn’t enough to help the economy, and he left office on a high note.
It was also a year in which a massive tax increase on the wealthy passed Congress.
The new President has promised to deliver a major tax cut for the middle class, while the middle-class has been the most vocal critics of the tax increase.
But just how much of a tax increase were you able to pass, and did you have enough votes to pass it?
To answer that, we need to dig deeper into the numbers and see if we can find the true extent of President Obama’s tax increases in 2017.
In this first installment of the series, we’ll look at what we know about the tax increases and what they did to the economy.