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The non-partisan Congressional Budget Office has consistently reported that the Bush tax.

Oct 23, 33%. Above, %.

Budget sequestration in

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 bushpruning.buzzted Reading Time: 11 mins. 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 economy- to this day. Americans for Tax Fairness played a major role in fighting to repeal the Bush tax cuts on the wealthiest Americans, which were passed in 20and reduced top individual income tax rates and taxes on dividends and capital gains.

July 29,

Early inCongress passed legislation that renewed the Bush tax cuts for all households EXCEPT those making more than, a year, requiring the top. Feb 20, Prior to the Bush tax cuts, the tax rate on capital gains was 20 percent. Dividends were taxed at the same rate as wage and salary income; therefore, most were taxed at percent.

Jan 24, The Bush tax 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 Estimated Reading Time: 12 mins. ON BUSH ADMINISTRATION CAPITAL GAINS TAX The top wealthiest Americans paid on average only 18% of their income in federal individual income taxes indown from 30% in The major source for these waning rates is the capital gains tax cuts.

Feb 15, The 20Bush Tax Cuts: Economic Effects of Permanent Extension. If Congress does not act soon, millions of taxpayers will see their tax.