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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).

In fact, the current laws that underlie CBO's baseline projections provide for significant changes of those kinds in coming years; many other approaches to constraining future deficits are possible as well.

High-income taxpayers benefitted most from these tax cuts, with the top 1 Estimated Reading Time: 11 mins. Feb 28, JGTRRA Tax Cut of InPresident Bush authorized the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA).

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  It reduced tax rates on long-term capital gains and dividends to 15%.   It also increased tax deductions for small businesses. JGTRRA also accelerated several provisions in EGTRRA that were taking too long, such as an increase in the standard deduction for. Jun 07, While the Bush tax cuts are no longer a hot political issue, it is worth remembering that the future of the cuts occupied the attention of the tax policy community for over a decade.

Much of the bill has now been made into permanent law. The “fiscal cliff” deal cemented the vast majority of the 20Bush tax cuts into permanent stumpcutter.buzzted Reading Time: 7 mins. Jan 24, The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W.

Bush and extended during the presidency of Barack Obama, through: Economic Growth and Tax Relief Reconciliation Act of Jobs and Growth Tax Relief Reconciliation Act of Tax Relief, Unemployment Insurance Reauthorization, and Job Estimated Reading Time: 12 mins.

Mar 14, Mar 14, Prior to the implementation of the so-called"second Bush tax cut" - the Jobs Growth and Tax Relief Reconciliation Act of - the long-term capital gains tax rate was 20%, which was reduced to 10% for those in the lowest tax bracket. With the tax legislation, the maximum long-term capital gains rate was reduced to 15%, with a tax rate of 5% for the bottom two Estimated Reading Time: 7 mins. Jan 29, Jan 29, The CBO calculated that the post-March tax cuts would lower revenues by 75 billion, yet revenues came in 47 billion above the pre-tax cut baseline released in March This is.