Search results
Results from the WOW.Com Content Network
The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major piece of tax legislation passed by the 107th United States Congress and signed by President George W. Bush. It is also known by its abbreviation EGTRRA (often pronounced "egg-tra" or "egg-terra"), and is often referred to as one of the two " Bush tax cuts ".
Tax rebates that were created by the law were paid to individual U.S. taxpayers during 2008. Most taxpayers below the income limit received a rebate of at least $300 per person ($600 for married couples filing jointly). Eligible taxpayers received, along with their individual payment, $300 per dependent child under the age of 17.
The economic policy and legacy of the George W. Bush administration was characterized by significant income tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008, and the Great Recession that followed ...
The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. [29] 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 about $1.8 trillion between 2002 and 2009. [30]
Wealthy Americans could pay around $50,000 more in taxes if Congress decides to let Bush tax cuts expire this year. For example, a married New Yorker earning about $1 million in income, with an ...
George W. Bush during his presidency of 8 years from 2001 to 2009 signed 56 signature pieces of legislation. Major ones of these included USA PATRIOT Act, Joint Resolution to Authorize the Use of United States Armed Forces Against Iraq, Job Creation and Worker Assistance Act of 2002, United States-Chile Free Trade Agreement Implementation Act, Controlling the Assault of Non-Solicited ...
Treasury Secretary Tim Geithner is the Obama administration's point man for selling the idea that letting tax rates for the wealthy return to where they were under President Clinton will be good ...
President George W. Bush, surrounded by leaders of the House and Senate, announces the Joint Resolution to Authorize the Use of United States Armed Forces Against Iraq, October 2, 2002. Before the signing ceremony of the Sarbanes–Oxley Act, President George W. Bush met with Senator Paul Sarbanes , Secretary of Labor Elaine Chao and other ...