National Telecommunications and Information Administration.
Nov 30, For one, most of the tax cuts Bush initiated in weren't of the type that would be expected to have a large impact on growth.
The cuts had the cumulative effect of adding to the debt without significantly boosting growth.
As noted by former Reagan economic Estimated Reading Time: 6 mins. Feb 28, InPresident George Bush authorized a tax cut called the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) to stimulate the economy during the recession that year. The major provisions were to reduce marginal income. The Bush administration designed the tax cuts to stimulate the economy and end the recession.
Thus, to the extent that tax cuts helped to fuel the housing bubble, they actually harmed rather than helped long-run growth.
Doubled the child tax credit fromto 1, Expanded the Earned Income Tax Credit. 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. The Bush tax cuts included a number of temporary income tax relief measures enacted by President George W. Bush in and EGTRRAwas implemented to boost the economy.