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Bookmark or Share- The Bush Tax Cuts and Their Impact on the Economy - The BalancePresident George W. Bush authorized two significant tax cuts in 2001 and 2003 and an income tax rebate in 2008. President Barack Obama made a good many of these provisions permanent when he signed the American Taxpayer Relief Act in 2012.
- Jobs and Growth Tax Relief Reconciliation Act of 2003The 2001 and 2003 acts are known together as the "Bush tax cuts". Description of cuts. JGTRRA continued on the precedent established by the 2001 EGTRRA, while increasing tax reductions on investment income from dividends and capital gains. Accelerated credits and rate reductions.
- Bush tax cuts - WikipediaThe Bush tax cuts reduced income taxes for those earning over $1 million by $110,000 per year on average during the 2004–2012 period. The tax cuts made the tax system less progressive.
- Comparing the Kennedy, Reagan and Bush Tax CutsPresident Kennedy passed his tax cuts as he ran a deficit equaling 1 percent of national income. In 1981, Reagan cut taxes while running a deficit of 2.8 percent of national income. In contrast, Bush passed the largest of his three tax cuts, EGTRAA, in 2001 with a budget surplus of 1.5 percent of income.
- President Bush Helped Americans Through Tax ReliefPresident Bush Signed The Largest Tax Relief In A Generation. President Bush's tax cuts provided $1.7 trillion in relief through 2008. President Bush worked with Congress to reduce the tax burden on American families and small businesses to spur savings, investment, and job creation.
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