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May 12, What Caused the Bulging Federal Deficit? A Graphical Explanation - Swampscott, MA - View from a Swampy Shanty. the Bush tax cuts coupled with a. President Obama: Bush tax cuts caused deficit.

Feb 28, The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term.

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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. Jul 12, For FY - the first budget of the Bush administration, which went into effect after President George W.

Bush signed tax cuts into law in June - revenue dropped to 1, bushcutter.buzzted Reading Time: 3 mins. Apr 16, Gene Lyons in his article “Sure, the government is just like your family” Nov 24, commented, “The current deficit’s almost entirely a product of two things: the Bush tax cuts and the recession.”. I don’t accept Lyons assertion that the Bush tax cuts have anything to do with the deficit.

In fact, the revenue went up after the tax cuts. 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.

Apr 29, The GOP plan, approved by the House, would lower taxes on corporations and the wealthiest Americans and draw the bulk of its savings from cutting federal health.