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Obama has stated that he wants the people to pay.

The 20Bush Tax Cuts and Deficit Reduction Thomas L. Hungerford Specialist in Public Finance July 18, Congressional Research Service treecleanup.buzz R The 20Bush Tax Cuts and Deficit Reduction Congressional Research Service Summary A series of tax cuts were enacted early in the George W.

Bush Administration. 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 Estimated Reading Time: 11 mins.

Fiscal cliff

Feb 15, The 20Bush Tax Cuts: Economic Effects of Permanent Extension. If Congress does not act soon, millions of taxpayers will see their tax. Describes current economic and budgetary environment, and discusses revenue loss and distributional effects of Bush Administration tax cut provisions in P.L.the Economic Growth and Tax Relief Reconciliation Act ofand P.L.the Jobs and Growth Tax Relief Reconciliation Act ofboth extended until the end of Jun 01, Summary.

The tax cuts of 20were designed with both short-term and long-term considerations in mind. The principal short-term objective of the Bush administration was to stimulate spending for counter-cyclical purposes. This objective was realized, as is evident from the brevity of the treecleanup.buzz by: 1.

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