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Instead, Congress extended them for two more years, and many of the.

Start studying George W. BushDemocrat. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Tax Cuts - series of temporary income tax relief measures enacted lowered federal income tax rates for everyone.

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 Estimated Reading Time: 11 mins. President George W. Bush cut taxes on the top tax bracket, gradually eliminated estate taxes, increased child tax credits, gave all taxpayers an immediate rebate No Child Left Behind Act This act aimed to improve student performance and close the gap between rich students and poor students, gave students the right to transfer to better schools, stronger reading programs, and.

Bush Tax Cuts. A) Reagan tax cuts (July ) 1.) 25% reduction over three years top two percent 2.) corporate income tax. Bush Tax Cuts1.) rates gradually lowered over next ten years 2.) deficits reappeared. Federal Expenditures. A. rise of the national security state 50 workers for one social security beneficiary. 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 Jun 07, While the Bush tax cuts are no longer a hot political issue, it is worth remembering that the future of the cuts occupied the attention of the tax policy community for over a decade.

Much of the bill has now been made into permanent law.

The “fiscal cliff” deal cemented the vast majority of the 20Bush tax cuts into permanent law.