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Or does the answer lie somewhere in between, as the Obama.

The fiscal cliff refers to December 31, , the date of the expected implementation of government spending reductions and expiration of a large number of tax cuts, many of which were the tax cuts enacted under George W.

Jan 24, The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. [28] 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 [29]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.

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).Estimated Reading Time: 11 mins. 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.

Supporters of the proposal and proponents of lower taxes say that the tax cuts increased the pace of economic recovery and job creation.

It created a new Oct 22, Bush quietly signs corporate tax-cut bill. President Bush Friday quietly signed into law a bill containing aboutbillion in tax cuts denounced by critics on both sides of Estimated Reading Time: 4 mins.