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The Fiscal Times.

Oct 23, The cost of the tax laws enacted during George W. Bush’s administration is equal to roughly 2 percent of gross domestic product (GDP) inthe year the provisions were fully phased in. This figure includes the amount the tax cuts increased the cost of “patching” the Alternative Minimum Tax (AMT) to keep the tax from affecting millions 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 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. Jan 24, 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 Estimated Reading Time: 12 mins. May 28, Back inBush’s top man behind the tax breaks, economist R.

Glenn Hubbard, promised the plan would provide a boost to the economy, creatingadditional jobs in But Bartlett says there was “no evidence that the tax cut had any such effect.” Unemployment remained above % all year, and eventually went up to 6% by December.

Sep 29, With no fanfare and little notice, the national debt has grown by more than 4 trillion during George W. Bush's presidency.

It's the biggest increase under Estimated Reading Time: 4 mins. Jun 15, EGTRRA cuts the highest income tax rates: the 28, 31, and 36 percent rates fall by 3 percentage points, while the percent rate falls to 35 percent. A new 10 percent tax. Aug 04, You’d think that the expiring tax cuts for the wealthy would present a dilemma to Republicans, who suddenly rediscovered the evils of budget deficits on Jan.

20,after George W. Bush.