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Aug 24, The Reagan tax cuts represented percent of income while none of the Bush tax cut even breaks 1 percent of income. The Kennedy tax cuts would only have been surpassed in size by combining all three Bush tax cuts into a single package. Tax Cuts and Budget ResourcesEstimated Reading Time: 6 mins. Sep 13, The top Democrat on the House Ways and Means Committee on Wednesday urged Congress not to make the same tax cut mistakes of Ronald Reagan and George W. Bush."What we want to be on guard here for [is] what happened in 20when taxes were cut bytrillion," Massachusetts Rep.

Richard Neal said on CNBC's"Squawk Box." While the Bush tax cuts were. Dec 08, So with Reagan’s signature, Congress undid a good chunk of the tax cut by raising taxes a lot in, and George H.W. Bush signed another tax increase in Estimated Reading Time: 5 mins. EFFECT OF REAGAN, KENNEDY, AND BUSH TAX CUTS ON REVENUES. EFFECT OF REAGAN TAX CUTS ON REVENUES - SHORT ANALYSIS. The argument that the near-doubling of revenues during Reagan's two terms proves the value of tax cuts is an old argument.

It's also extremely flawed. At percent, revenues did nearly double during the 80s. 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 economy- to this day.

Apr 22, a) The Reagan tax cuts signed into law in Augustwhich took effect starting in The highest marginal income tax rate was reduced from 70% before to 50% from onwards. There was an additional round of tax cuts under a separate law passed inwhich brought this rate down further to % in and to 28% from onwards. But, of course, the Bush cuts were quite small compared stump grinder rental coquitlam, 22485 King George VA the Reagan cuts.

I have not found any estimate of the cost of the Reagan cuts, but I can tell you that he reduced top rate from 70% to 50% in and eventually to 28% in So, he cut the top tax rate more than half. Clinton raised the top rate to in