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However, on January 2, President Obama signed the American Taxpayer Relief.

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).

The bill focused on tax relief, rather than structural reform The main focus of the Economic Growth and Tax Relief Reconciliation Act of was lowering taxes on all Americans.

High-income taxpayers benefitted most from these tax cuts, with the top 1 percent of households receiving an average tax cut Estimated Reading Time: 11 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 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: Economic Growth and Tax Relief Reconciliation Act of Jobs and Growth Tax Relief Reconciliation Act of Tax Relief, Unemployment Insurance Reauthorization, and Job Estimated Reading Time: 12 mins.

InPresident Bush proposed and signed the Jobs and Growth Tax Relief Reconciliation Act. This legislation: Reduced the top tax rate on dividends and capital gains to 15 percent; Accelerated income tax rate reductions; Accelerated the expansion of the 10 percent bracket; Accelerated the increase of the child credit to 1, Jun 07, June 7, Scott Greenberg.

Library of Congress.

Scott Greenberg. Fifteen years ago, today, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of into law – perhaps the single most consequential piece of tax legislation enacted in the last quarter-century. A decade and a half later, it is worthwhile to review the legacy Estimated Reading Time: 7 mins.