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However, President Bush's tax cuts occurred during the recession and the years immediately following.

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 Estimated Reading Time: 11 mins.

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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. recently agreed to a tax and spending plan that includes a 2-year extension of the Bush tax cuts.

A 2-year extension of the Bush tax cuts could cost overbillion and increase debt service costs bybillion over 10 years. A temporary extension of the Bush tax cuts, however, could.

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Aug 04, Despite Bush’s claims that “tax relief will create new jobs, tax relief will generate new wealth and tax relief will open new opportunities” the economy shed jobs after passage of. 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 abouttrillion between and Estimated Reading Time: 12 mins.