Making the Bush tax cuts permanent is the short-term goal
Make the Bush tax cuts permanent.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
Congress.gov shows Public Law No. 112-240 made permanent EGTRRA 2001 and JGTRRA 2003 provisions for taxpayers below the $400,000/$450,000 thresholds, while preserving higher rates above those thresholds.
legacy_unverified · Source version not recorded · locator unknown
Public Law 112-240 lists H.R. 8 as the American Taxpayer Relief Act of 2012 and includes sections titled 'Permanent extension and modification of 2001 tax relief' and 'Permanent extension and modification of 2003 tax relief.' It also added a 39.6 percent rate for taxable income above high-income thresholds after December 31, 2012.
legacy_unverified · Source version not recorded · locator unknown
The Senate roll call for H.R. 8, as amended, recorded passage of the American Taxpayer Relief Act of 2012 by 89 yeas to 8 nays. The vote listing records 'Graham (R-SC), Yea.'
Assessments
The American Taxpayer Relief Act of 2012 made many Bush-era 2001 and 2003 tax provisions permanent, but not all of them: higher-income taxpayers above the statutory thresholds saw the top rate rise, so the promise to make the Bush tax cuts permanent was only partly fulfilled. Graham was a sitting senator in the relevant 2008 term and voted yea on the Senate bill that became Public Law 112-240, giving him concrete same-term credit for materially advancing the partial outcome.
During Graham's 2009-2014 Senate term, Congress enacted the American Taxpayer Relief Act on January 2, 2013, which permanently extended most Bush-era tax cuts for taxpayers below the $400,000/$450,000 thresholds. But the law did not make all Bush tax cuts permanent, because higher-income rates were allowed to rise. That means the promised outcome was only partly achieved in office rather than fully delivered.