The Tax Foundation.

simulations suggest that the Bush tax cut may increase saving in the short run, depending on assumptions, and that it is likely to increase output in the short run, due to. Feb 28, InBush tax cut savings comment George Bush authorized a tax cut called the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) to stimulate the economy during the recession that year.

Retrieved April 5,

2 3 The major provisions were to reduce marginal income tax rates and reduce and eventually repeal estate tax. As a result, it saved taxpayers, but not equally. the Bush tax cut may increase saving in the short run, depending on assumptions, and that it is likely to increase output in the short run, due to its additional salu-tary effects on labor supply.

In the longer run, though, saving and output are likely to fall, once the revenue losses generated by the tax cut are confronted through nec.

December 14,

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 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 percent of households receiving an average tax cut Estimated Reading Time: 11 mins.