September

The Bush tax cuts included two separate measures that were passed to provide tax relief to families in and to businesses in The measures lowered federal income tax rates for everyone. Feb 28, Congress approved thebillion Bush tax rebate in early 8 The rebate amounted to an average of 1, per taxpayer and was sent through a stimulus check, in the mail or electronically, to million households.

9. 7 rowsOct 23, The biggest tax policy changes enacted under President George W. Bush were the 20Estimated Reading Time: 11 mins.

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.

Dec 20, The extension of the Bush tax cuts provides the most important tax planning opportunity. Individuals will have 2 years to take advantage of the 15% tax rate on long-term capital gain income and the 35% tax rate on ordinary income. Incentives for Businesses to Purchase Depreciable Property. Feb 20, The Bush tax cuts eliminated the personal exemption phase-out (PEP) and the phase down of itemized deductions (Pease) for incomes over, for. 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.