Statement by the Press Secretary on H.R. 8

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Office of the Press Secretary

For Immediate Release January 03, 2013 Statement by the Press Secretary on H.R. 8

On Wednesday, January 2, 2013, the President signed into law:

H.R. 8, the "American Taxpayer Relief Act of 2012," which makes permanent the temporary rates on taxable income at or below $400,000 for individual filers and $450,000 for married individuals filing jointly; permanently indexes the Alternative Minimum Tax exemption amount to the Consumer Price Index; extends emergency unemployment compensation benefits and Federal funding for extended benefits for unemployed workers for one year; continues current law Medicare payment rates for physicians' services furnished through December 31, 2013; extends farm bill policies and programs through September 30, 2013; and provides a postponement of the Budget Control Act's sequester for two months.

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January 04, 2013 2:55 PM EST2012: A Year in Photos

Each January, Pete Souza, Chief Official White House Photographer and Director of the White House Photography Office selects his favorite images from the past twelve months, and now, we're sharing them with you.

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