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It will only increase growth by 0.

Jan 24, On January 1,the Bush Tax Cuts expired. However, on January 2,President Obama signed the American Taxpayer Relief Act ofwhich reinstated many of the tax cuts, effective retroactively to January 1.

The Act did not repeal the increase in the highest marginal income tax rate (from 35% to %) which had been imposed on Estimated Reading Time: 12 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.

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 Estimated Reading Time: 11 mins. Jun 07, As a result, the future of the Bush tax cuts became a major campaign issue in as well.

Ultimately, the fate of the Bush tax cuts was settled in the “fiscal cliff” deal, where Congress decided once and for all which of the cuts would be made permanent, and which would expire. While the Bush tax cuts are no longer a hot political issue, it is worth Estimated Reading Time: 7 mins.

President Bush's tax cuts providedtrillion in relief through President Bush worked with Congress to reduce the tax burden on American families and small businesses to spur savings, investment, and job creation. InPresident Bush proposed and signed the Economic Growth and Tax Relief Reconciliation Act.