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Archived from the original on July 12,

Jan 24, According to the Center on Budget and Policy Priorities, the expiration of the Bush income tax rates (i.e., returning to Clinton-era rates) would have affected higher income families more than lower income families.

The Bush tax cuts reduced income taxes for those earning over 1 million by, per year on average during the – Estimated Reading Time: 12 mins.

Retrieved February 12,

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.

Jan 30, “It is not evident that the Bush tax cuts in either the top marginal rate or capital gains rate had any long term effect on inequality. If anything, they appear to have reduced inequality” said Tax Foundation economist Will McBride.

“Therefore, a return to Clinton-era tax rates would not necessarily reduce inequality.” Tax Foundation Fiscal Fact No.“Reversal of the Trend: Income Inequality now Lower than it was Under Clinton” by Will McBride is available online.

The Tax. Jan 02, 2.

It cut individual income tax rates, doubled the standard deduction, and eliminated personal exemptions.

Fueled income inequality: This chart from the Congressional Research Service suggests that the Bush tax cuts, which significantly reduce top marginal tax rates and capital gains rates, helped Estimated Reading Time: 5 mins.

Oct 23, 33%. Above, %. 35%. a Based on tax brackets for a married couple inrounded to the nearest 1, The 20tax cuts also phased out the estate tax, repealing it entirely in In addition, the tax cuts included three components that are often referred to as “middle-class” tax shrubdelimbing.buzzted Reading Time: 11 mins.