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Library of Congress.

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 these tax cuts, with the top 1 Estimated Reading Time: 11 mins. Feb 28, Campaign Pledge to Cut Taxes.

George W. Bush had vowed to cut taxes during his presidential campaign in When he took office in amidst a recession, he argued that tax cuts would help stimulate the sluggish economy and that the surplus from the Clinton administration could help pay for them.  . Jan 24, Bush tax cuts.

The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through: While each act has its own legislative history and effect on the tax code, the JGTRRA amplified and accelerated aspects of the treefelling.buzzted Reading Time: 12 mins.

The major provisions were to reduce marginal income tax rates and reduce and eventually repeal estate tax.

Mar 14, Jobs And Growth Tax Relief Reconciliation Act of An act passed by congress that was intended to improve the economy of the United States by reducing the taxes collected, giving the. Jun 07, While the Bush tax cuts are no longer a hot political issue, it is worth remembering that the future of the cuts occupied the attention of the tax policy community for over a decade.

Much of the bill has now been made into permanent law. The “fiscal cliff” deal cemented the vast majority of the 20Bush tax cuts into permanent law.