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Drivers of the Bush Tax Cuts.

Jun 07, The impending expiration of the Bush tax cuts became a major focus of the tax debate during the first decade of the century. 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 Estimated Reading Time: 7 mins.

No Congressperson wanted to jeopardize re-election by voting against a proposed extension to the Bush tax cuts and thereby raising taxes on low- and middle-income Americans.

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. Dec 31, The financial advisors at NastGroup Financial discuss how President Bush's tax relief actions via tax cuts still remain in place today.

THE BUSH-ERA TAX CUTS LIVE ON - NastGroup Financial. 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.

If the current Congress and the president fail to reach an agreement and let the Bush era tax cuts expire on December 31st, who will be most to blame: President Obama: Republicans in Congress: Democrats in Congress: All of them: Unsure: Row % Row % Row % Row % Row % Registered Voters: 19%: 33%: 29%: 10%: 9%: Party ID: Democrat: 15%: 58%: 11%: 7.

Sep 23, Keeping tax cuts for the wealthy could cost the u.s. big time. letting the bush era tax cuts of 20expire on schedule at the end of would bring the government nearly 1 trillion in revenue over the next 10 years, according to a new report from the congressional budget office.

that’sbillion in added revenue and