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However, Treasury Secretary Timothy Geithner said allowing the expiration would not cause such a slowing.

Feb 20, The first round of what have come to be known as the Bush tax cuts went into effect 12 years ago. Now that a more than decade-long debate has mercifully ended, like a.

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.

Jan 24, Bush tax cuts. 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: While each act has its own legislative history and effect on the tax code, the JGTRRA amplified and accelerated aspects of the treecut.buzzted Reading Time: 12 mins. Mar 14, Jobs And Growth Tax Relief Reconciliation Act of An act passed by congress that was intended to improve the economy of the United States by reducing the taxes collected, giving the.

Sep 14, The cuts in question are tax changes that were enacted during the Bush administration that dramatically cut income and estate tax rates and revenues. The Estimated Reading Time: 9 mins. Oct 23, 33%.

Above, %. 35%. a Based on tax brackets for a married couple inrounded to the nearest 1, The 20tax cuts also phased out the estate tax, repealing it entirely in In addition, the tax cuts included three components that are often referred to as “middle-class” tax cuts.