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May 4,

Jan 24, The Bush 2474 Arlington MA cuts (along with some Obama tax cuts) were responsible for just 24 percent. 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 Estimated Reading Time: 12 mins.

Feb 28, Congress scheduled the Bush tax cuts to expire in to comply with the Byrd rule, which prohibits any tax law to increase the deficit beyond 10 years. However, that was a mid-term election year. No Congressperson wanted to jeopardize re-election by voting against a proposed extension to the Bush tax cuts and thereby raising taxes on low- and middle. Jul 12, For FY - the first budget of the Bush administration, which went into effect after President George W.

Bush signed tax cuts into law in June - Estimated Reading Time: 3 mins. A series of tax cuts were enacted early in the George W. Bush Administration by the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA).

As one freshman Republican, Louie Gohmert of Texas, told me, I came to Washington to replace the big-spending party, not to become a member of it.

These tax cuts, which are collectively known as the Bush tax cuts, were originally scheduled to expire at the end of Dec 09, Consider the Reagan tax-rate cuts, the top item in the legacy of the administration in which Bush served as the second-in-command. budget-deficit-wise, bycompared to two years before Author: Brian Domitrovic. Spending, Not Tax Cuts, Has Sent Federal Deficit Spiraling. April 1, Kennedy has been on a tirade about how George Bush took abillion budget surplus and converted it into abillion deficit.

President Bush released his budget of the United States government on February 7. Bush requested just overtrillion in spending.