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This assumes that consumers and businesses spend enough of the tax cuts to increase demand.

President Bush Signed The Largest Tax Relief In A Generation. President Bush's tax cuts providedtrillion in relief through President Bush worked with Congress to reduce the tax burden on American families and small businesses to spur savings, investment, and job creation. InPresident Bush proposed and signed the Economic Growth and Tax Relief.

Boston University Libraries. Services. Navigate; Linked Data; Dashboard; Tools / Extras; Stats; Share. Social. Mail. Read and consider opinions on whether or not Bush's tax cuts helped the U.S. economy. Share your own views with others in a debate setting. Feb 28, InPresident George Bush authorized a tax cut called the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) to stimulate the economy during the recession that year.

The major provisions were to reduce marginal income tax rates and reduce and eventually repeal estate tax.

As a result, it saved taxpayers, but not equally. Jun 07, The future of the Bush tax cuts was a central issue in the presidential campaign, in which John McCain advocated making almost all of the cuts permanent, and Barack Obama called for extending the cuts only for families earning less than, However, when the cuts were finally due to expire inPresident Obama extended the cuts Estimated Reading Time: 7 mins.