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When the bubble burst, revenue fell off.

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 tax rates and reduce and eventually repeal estate tax. 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 Estimated Reading Time: 11 mins. Jul 12, For FY - the first budget of the Bush administration, which went into effect after President George W. Bush signed tax cuts into law in June - Estimated Reading Time: 3 mins.

Oct 18, October 18, pm. October 18, pm. Paul Krugman: A number of readers have written in with questions about the effect of the Bush tax cuts on the federal budget deficit. They’ve heard or read claims that the tax cuts didn’t increase the deficit – in fact, that they may even have led to a surge in revenue that reduced the Estimated Reading Time: 4 mins.