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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 economy- to this day.

Retrieved March 30,

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 (EGTRRA); Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA); Tax Relief, Unemployment Insurance Estimated Reading Time: 12 mins. As Congress debates whether to renew tax cuts enacted early in the George W.

Bush presidency, as well as various economic stimulus plans, critics often label the measures as"tax cuts for the rich." Yet a new report from the National Center for Policy Analysis (NCPA) says the Bush tax cuts made the tax code more progressive, no matter how progressivity is measured.

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. Dec 02, With some arguing the cuts favored the rich.

"If you're a millionaire, under the Bush tax cut you get a 46, tax cut, more than enough to pay for Estimated Reading Time: 5 mins.

Apr 10, Former President George W. Bush spoke on fiscal policy on Tuesday, taking a jab at President Obama's tax plan and expressing a regret on his own cuts ena. Medicare payroll tax) at percent by the time Obama left office; Trump’s tax cuts took that number down to percent.

July 9,

The estate tax has seen a similar trajectory, stagnating at 55 percent between the first Reagan tax cuts and George W. Bush. The tax cuts then set it on course to.

Oct 21, If you and your spouse have a taxable income of 60, a year, you’ve had almost a 24 percent income tax cut since President Bush took office. (And ditto if your income was just 20,). Jan 17, It's pretty simple: having previously raised the top rate on ordinary income to 35 percent under Bill Clinton, Congress dropped the top rate on long-term cap gains and dividends to 15 percent on George W.

Bush. Then the IRS ruled that"carried interest" is capital income, even tho it's a pretty metaphysical distinction.