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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 Estimated Reading Time: 11 mins. Feb 28, The Bush tax cuts were two tax code changes that President George W.

Bush authorized during his first term.

Akerlof, G.

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.

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. Jun 12, According to the C.B.O., by the end of the Bush administration, legislated tax cuts reduced revenues and increased the national debt bytrillion.

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Slower-than-expected growth further reduced revenues bytrillion. However, the Bush tax cuts continued throughwell into the Obama bushleaning.buzzted Reading Time: 10 mins. Aug 16, The Reagan and Bush tax cuts. So disastrous that they had to enact tax increases in,and ” to raise the needed funds.

“Then in. Aug 04, You’d think that the expiring tax cuts for the wealthy would present a dilemma to Republicans, who suddenly rediscovered the evils of budget deficits.