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Bush Tax Cuts Timeline.

Dec 05, Grover Norquist talked about economic issues, including recommendations from President Obama's bipartisan debt commission, federal spending, and tax cuts made during the George W. Bush. Jan 24, The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent.

One byproduct of this tax rate reduction was that it brought to prominence a previously lesser known provision of the U.

The New York Times stated in an editorial that the full Bush-era tax cuts were the single biggest contributor to the deficit over the past decade, reducing revenues by Estimated Reading Time: 12 mins. Jan 06, Income Tax Extensions and Changes. The bill maintains tax cuts across all brackets and introduced an additional 2% reduction in the payroll tax rate for only.

The payroll tax credit cut most workers' Social Security taxes by nearly a third, dropping from % to %.Estimated Reading Time: 5 mins. 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.

Nov 07, Editor's note: This is part of an occasional series on tax policy questions facing federal lawmakers after the elections of Nov. 2, By JENNIFER [email protected] Bush-era tax cuts. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators.