Archived from the original on November 2,

Main article: United States fiscal cliff.

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.

 . 7 rowsOct 23, The biggest tax policy changes enacted under President George W. Bush were the 20Estimated Reading Time: 11 mins.

Fearing a total financial collapse, Paulson and the Federal Reserve took control of American International Group AIG, another major financial institution that teetered on the brink of failure.

Feb 20, Marginal income tax rate reductions. The Bush tax cuts reduced the then percent rate to 35 percent, the 36 percent rate to 33 percent, the 31 percent rate. Jun 07, The persistence of the Bush tax cuts for low- and middle- income Americans should be viewed as a Estimated Reading Time: 7 mins. President Bush's tax cuts providedtrillion in relief through President Bush worked with Congress to reduce the tax burden on American families and small businesses to spur savings, investment, and job creation.

InPresident Bush proposed and signed the Economic Growth and Tax Relief Reconciliation Act. The Bush tax cuts are currently scheduled to expire at the end ofand the tax parameters revert back to their values (the current law baseline).

Figure 4 displays the trend in federal deficits as a percentage of GDP from to Under current law, the federal deficit is projected to decline from % of GDP in to less than 2% of GDP in If the Bush tax.

Dec 02,"If you're a millionaire, under the Bush tax cut you get a 46, tax cut, more than enough to pay for this Lexus," Sen. Tom Daschle said on Feb. 8, Estimated Reading Time: 5 mins. May 26, According to CTJ, the Bush tax cuts that were passed up through (the 20cuts as well as other smaller cuts inand ) ended up costing the Treasury approximatelytrillion in foregone revenue from to CTJ claims that if you add interest payments, that number goes up to aroundstumpcut.barted Reading Time: 5 mins.