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However, President Bush's tax cuts occurred during the recession and the years immediately.

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 abouttrillion between and Estimated Reading Time: 12 mins.

Feb 15, The 20Bush Tax Cuts: Economic Effects of Permanent Extension. If Congress does not act soon, millions of taxpayers will see their tax bills rise after as key provisions of the. Dec 02, In a rare Memorial Day session inthe Senate passed Bush'strillion tax-cut plan: lowering tax rates 3 to 5 percent in all income brackets, phasing out the estate tax Estimated Reading Time: 5 mins.

Jun 07, On this day inPresident George W. Bush signed into law the first major piece of legislation of his presidency, atrillion tax cut to be spread over 10 years.

ON BUSH ADMINISTRATION CAPITAL GAINS TAX The top wealthiest Americans paid on average only 18% of their income in federal individual income taxes indown from 30% in The major source for these waning rates is the capital gains tax cuts.