The Bush tax cuts reduced income taxes for those earning over 1 million by, per year on average during the – period. The tax cuts made the tax system less progressive. From throughthe tax cuts increased the after-tax income of the highest-income taxpayers by a far larger percentage than they did for middle- and Estimated Reading Time: 12 mins. Oct 13, The Bush tax cut plan makes the tax code more progressive by providing the biggest percentage cuts to the lowest income earners. As a result, the share of the total tax burden shouldered by low- and moderate-income earners will decrease (from about 10 percent to slightly over 8 percent), while the share shouldered by those making more than.
Feb 28, The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term. Congress enacted tax cuts to families in and investors in They were supposed to expire at the end of Instead, Congress extended them for two more years, and many of the tax provisions remain in effect- and continue to affect the economy- to this day.
Feb 08, Remarks by the President on Tax Cut Proposal The Rose Garden Read President Bush's Agenda for Tax Relief: text, pdf ( kb) A.M. EST THE PRESIDENT: Thank you. Please be seated. Thank you very much for that warm welcome. It's.