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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.

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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.

Jan 07, The most recent extension of these cuts has allowed conservative members of Congress (and others, like Grover Norquist) to claim victory on these tax cuts, which briefly expired on Dec. 31,only to be reinstated almost in full. Oct 23, And, when the tax cuts were scheduled to expire at the end ofextending the high-income tax cuts in particular was projected to have almost no effect on economic growth. The Congressional Budget Office (CBO) estimated in that extending the high-income tax cuts would have boosted GDP by just percent in Estimated Reading Time: 11 mins.

The clock is ticking.

Aug 01, Download Fiscal Fact No. Fiscal Fact No. Introduction This Tax Foundation Fiscal Fact analyzes the impact that the expiration of the so-called “Bush-era” tax cuts would have on the average middle-income family’s tax bill in each state and congressional district. Family circumstances such as income level, sources of income, marital status, number Estimated Reading Time: 4 mins.

Dec 07, The tax cuts in question were initially proposed by President George W. Bush and passed by Congress in andbut the law came with a expiration date.