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This report uses the context of the current and long-term economic environment to examine the tax cuts implemented by the George W. Bush Administration, including the Economic Growth and Tax Relief Reconciliation Act of and the Jobs and Growth Tax Relief Reconciliation Act of Jul 13, President Obama and congressional Democrats are blaming their trillion-dollar budget deficits on the Bush tax cuts of and Letting these tax cuts.

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Feb 28, EGTRRA Income Tax Cut of 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.

Jul 18, The 20Bush Tax Cuts and Deficit Reduction. Leave a reply. The main argument against allowing the Bush tax cuts to expire at the end of was the weak recovery and the fear of pushing the economy back into recession, an argument likely to be made in Once the economy has recovered from the recession, however, long-term.

However, that was a mid-term election year.

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