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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. Working Paper DOI /w Issue Date June Following through on pledges made during his election campaign, President Bush proposed and Congress passed a substantial tax cut inthe Economic Growth and Tax Relief Reconciliation Act (EGTRRA).

Much has been written about the size of the tax cut, its impact on the federal budget, its distributional Cited by: Oct 23, The biggest tax policy changes enacted under President George W. Bush were the 20tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA). High-income taxpayers benefitted most from these tax cuts, with the top 1 percent of households receiving an average tax cut Estimated Reading Time: 11 mins.

The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. [28] The New York Times stated in an editorial that the full Bush-era tax cuts were the single biggest contributor to the deficit over the past decade, reducing revenues by abouttrillion between and Estimated Reading Time: 12 mins.

Dec 02, The Bush Tax Cuts. In there was still abillion surplus. George W. Bush campaigned on giving some of that money back to the people."The younger Bush went around telling people, 'Look, I Estimated Reading Time: 5 mins. Feb 14, The truth about the tax cut February 14, a.m. ET The Bush tax cut was cheered by many, but you may save less than you think. By Staff Writer Sarah Max. Aug 26, Mr. Bush's tax cut would reduce federal revenues bytrillion in the nine years starting inand it would use uptrillion of the surplus over that period.

Jan 02, With Tuesday’s House vote, the George W. Bush tax cuts, born inreach a new milestone. Originally scheduled to expire at the end ofthey are now permanent (or most of them, anyway). Dec 19, But then Republicans cleverly terminated the tax bill after just nine years, meaning they could fit what in effect was atrillion tax cut within a year box. (The tax cut.