Retrieved December 10,

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 economy- to this day.

Distribution table showing the change in federal taxes inby cash income percentile, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail). Jul 11, The TCJA added cuts in the personal income tax and estate tax on top of the Bush-era provisions still in effect, as well as corporate income tax cuts.

Inthe richest fifth of households will receive tax cuts equal to percent of their income, once again larger than. The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. The New York Times stated in an editorial that the full Bush-era tax cuts were the single biggest contributor to the deficit over the past decade, reducing revenues by abouttrillion between and Estimated Reading Time: 12 mins. Apr 23, The top one percent of households will receive tax cuts averaging almost 35, - or 54 times as much as that received on average by those in the middle of the income spectrum.

Households with incomes above 1 million will receive tax cuts averaging about,Estimated Reading Time: 10 mins. The Bush tax cuts included two separate measures that were passed to provide tax relief to families in and to businesses in The measures lowered federal income tax rates for everyone.

Jan 02, With Tuesday’s House vote, the George W. Bush tax cuts, born inreach a tree sap removal oil milestone. Originally scheduled to expire at the end ofthey Estimated Reading Time: 5 mins. Mar 09, Equally striking, however, was the bill's distribution: 36 percent of the cuts accrued to the richest 1 percent of Americans- a share almost identical to that received by the bottom 80 percent.

2. Citizens for Tax Justice As both a political victory and a Cited by: May 26, No tax cut that has significant marginal rate cuts, as the Bush tax cuts did, will cost the Treasury its full “static” score. Static in this sense means that people don’t change their behavior when tax rates drop or rise: if a 40% tax rate raisesbillion, then a 20% tax rate would raisebillion. This is wrong because people do change their behavior when faced with such starkly lower tax rates.

Nov 26, Distributional Analysis of the Tax Cuts and Jobs Act, as Ordered Reported by the Senate Committee on Finance on November 16,Excluding the Effects of Eliminating the Individual Mandate Penalty. November 27, Report.