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A series of tax cuts were enacted early in the George W. Bush Administration by the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA; P.L. ) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA; P.L. ). Government spending policy; Income tax--Law and legislation A series of tax cuts were enacted early in the George W.

Bush Administration by the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA.Author: Thomas L. Hungerford. Feb 28, Economic Impacts of the Bush Tax Cuts. The cuts had the cumulative effect of adding to the debt without significantly boosting growth.

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The top 1% of households gained an after-tax income increase of %, while those in the lowest fifth made gains of just 1%. 20 . The George W. Bush Administration enacted a series of tax cuts through the Economic Growth and Tax Relief Reconciliation Act of and the Jobs and Growth Tax Relief Reconciliation Act of This report examines these tax cuts within the context of the current and long-term economic treecleanup.buzz by: 1.

Sep 03, The Bush Tax Cuts and the Economy Congressional Research Service Summary A series of tax cuts were enacted early in the George W. Bush Administration by the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA; P.L. ) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA; P.L.

). These tax cuts, which areCited by: 1. Nov 28, Critics of the Bush tax cuts often dismiss the tax changes as a failed experiment in free-market economics. Noting that economic growth was slower in the years following the cuts than in the years preceding them, some critics see the experience as evidence that tax cuts simply do not work. But the claim that these tax cuts exemplified free-market economic.

The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through.

Deficits and debt discourage spending and investing in lieu of saving for the inevitable tax crunch.

Economic Growth and Tax Relief Reconciliation Act of (EGTRRA); Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA); Tax Relief, Unemployment. Apr 23, Executive Summary. The Bush Administration has stood in favor of tax cuts through thick and thin. In the midst of a booming economy and large projected budget surpluses, President Bush’s top economic policy initiative - both as a candidate in and upon taking office - was to cut taxes.