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The act and the act significantly lowered the marginal tax rates for nearly.

Archived from the original on July 12,

Jul 11, The Bush tax cuts - which Obama and Congress extended for two years - expire at the end of this year, so any plans to “spend” beyond Dec. 31,would require Congress to act again. Jul 11, In fact, total federal revenues declined in fiscal year for the first time sincemainly because of the Bush tax cuts. The CBO said total revenues declined by percent, but otherwise Estimated Reading Time: 3 mins.

MA bush check, cuts Saugus tax 1906 fact

Feb 20, The Bush tax cuts reduced the then percent rate to 35 percent, the 36 percent rate to 33 percent, the 31 percent rate to 28 percent, and the 28 percent rate to 25 percent. It created a new Jan 24, The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent.

From through, the tax cuts increased the after-tax income of the highest-income taxpayers by a far larger percentage than they did for middle- and low-income taxpayers.

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 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.