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Congressional Research Service.

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 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 percent of households receiving an average tax cut Estimated Reading Time: 11 mins.

Jun 07, Fifteen years ago, today, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of into law – perhaps the single most consequential piece of tax legislation enacted in the last quarter-century.

But the economy was struggling to recover from the worst recession since the Great Depression.

A decade and a half later, it is worthwhile to review the legacy of this bill, which is often [ ]Estimated Reading Time: 7 mins. The most current reliable rumor has it that the Bush Tax Cuts will get a one year extension. A A A Font Resizer: Steven Andrew Jackson. Follow UsAttorney & Counsellor at Law. One North Pack Square, Suite Asheville, NCFaxFeb 20, The Bush tax cuts reduced the then percent rate to 35 percent, the 36 percent rate to 33 percent, the 31 percent rate to 28 percent, and the