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As a result, it saved taxpayers, but not equally.

Jan 24, Extending the tax cuts for all taxpayers for only two years would costbillion over the next 10 years. [35] The non-partisan Congressional Research Service has estimated the year revenue loss from extending the 20tax cuts beyond attrillion, with an additionalbillion in debt service costs (interest), for a Estimated Reading Time: 12 mins.

Bush and extended by President Obama.

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.

Oct 23, The cost of the tax laws enacted during George W. Bush’s administration is equal to roughly 2 percent of gross domestic product (GDP) inthe year the provisions were fully phased in.

This figure includes the amount the tax cuts increased the cost of “patching” the Alternative Minimum Tax (AMT) to keep the tax from affecting millions Estimated Reading Time: 11 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 aroundbushclear.buzzted Reading Time: 5 mins.

Bush Tax Cuts Timeline.

Jun 15, This month marks the 10th anniversary of the first of the two tax cuts sought by President George W. Bush.

The Economic Growth and Tax Relief Reconciliation Act was enacted in.

Jun 07, Big debt: Between andthe Bush tax cuts addedtrillion to the public debt, 50 percent of the total debt accrued during that time. Over the past Feb 20, The Bush tax cuts reduced the then percent rate to 35 percent, the 36 percent rate to 33 percent, the 31 percent rate to 28 percent, and the Link to a news story by a credible source plus member commentary.

News stories posted here by iTulip Select Subscribers will be moved to the Select area. Cost of extending Bush tax cuts to the richest 2% over the next 10 years: B. Close. Posted by 9 years ago. Archived. Tonight, cuts totaled B. Cost of extending Bush tax cuts to the richest 2% over the next 10 years: B.