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Economic Impacts of the Cuts.

Feb 28, The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term.

Congressional Budget Office.

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. Jan 24, The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. 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 Estimated Reading Time: 12 mins.

Jul 11, Tax Relief, Unemployment Insurance Reauthorization, And Job Creation Act Ofwhich extended the Bush personal income tax cuts for two years through American Taxpayer Relief Act Of (the “fiscal cliff deal”) which made permanent most, but not all, of the Bush tax cuts.

Obama Expansion of Earned Income Tax Credit and Child Tax Credit. 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.

Feb 20, The Bush tax cuts reduced the then percent rate to 35 percent, the 36 percent rate to 33 percent, the 31 percent rate to 28 percent, and the