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

Liberals like the little, hidden technical rules that keep the revenues flowing to fund bigger and bigger government.

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.

Jan 22, For the first time in a generation, the American people received a significant tax cut when Congress passed the Economic Growth and Tax Relief Act of The tax cut reduces marginal tax rates at every level over a period of years and is intended to eliminate the Death Tax. The tax cut, in large part, reflects the proposal President Bush campaigned on, Missing: Everett MA. Jun 07, The future of the Bush tax cuts was a central issue in the presidential campaign, in which John McCain advocated making almost all of the cuts permanent, and Barack Obama called for extending the cuts only for families earning less than, However, when the cuts were finally due to expire inPresident Obama extended the cuts Estimated Reading Time: 7 mins.

A majority, 54 percent, wanted to make them permanent, while 35 percent favored allowing them to expire.

In the end, President Bush made some political compromises to get the bulk of his tax cut through the Congress.

In a Jan. poll by CBS News and the New York Times, 47 percent said the tax cuts Missing: Everett MA. Jan 02, With Tuesday’s House vote, the George W. Bush tax cuts, born inreach a new milestone. Originally scheduled to expire at the end ofthey are now permanent (or most of them, anyway).Estimated Reading Time: 5 mins.