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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 - revenue dropped to 1, bushclear.buzzted Reading Time: 3 mins.

Oct 23, 33%. Above, %. 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 bushclear.buzzted Reading Time: 11 mins. Jul 12, President Bush on Tuesday credited his administration's economic policies with creating Skip to main content.

Currently Reading. Bush credits tax cuts for drop in budget deficit. May 19, I got this from Dwayne Howard's blog: Cost of Bush Tax cuts: Assuming the Bush tax cuts continue throughCBPP estimates that the Bush tax cuts plus associated debt-service costs for those tax cuts would make up percent of the deficit in (SeeTable 1.) That’s close to Dean’s 60 percent claim.

Over. Feb 03, Vowing to be a good steward of the public's money, President Bush sent to Capitol Hill Monday atrillion budget that calls for hundreds of billions in tax cuts and shows a record federal. Aug 04, You’d think that the expiring tax cuts for the wealthy would present a dilemma to Republicans, who suddenly rediscovered the evils of budget deficits on Jan.

20,after George W. Bush. May 03, That makes the deficit by year less than what's added to the debt by year. For example,trillion was added to the national debt under President Obama. 16 But his total budget deficits totaledtrillion.

Both Republicans and Democrats were pleased with this unbridled spending binge.

6. Similarly, President Bush's stated budget deficits totaledtrillion. But Bush addedtrillion to the debt. Feb 22,"Despite the ongoing costs of US military campaigns in Iraq and Afghanistan, the outlook for the federal budget has grown substantially brighter. Already, the federal deficit is shrinking toward about half the size that it has averaged sincewhen.