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Feb 28, InPresident George Bush authorized a tax cut called the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) to stimulate the economy during the recession that year.

2 3 The major provisions were to reduce marginal income tax rates and reduce and eventually repeal estate tax. Jan 24, The Obama administration proposed keeping tax cuts for couples making less than, per year. Economist Mark Zandi predicted that making the Bush tax cuts permanent would be the second least stimulative of several policies considered.

Making the tax cuts permanent would have a multiplier effect of (compared to the highest multiplier Estimated Reading Time: 12 mins.

Sep 14, The cuts in question are tax changes that were enacted during the Bush administration that dramatically cut income and estate tax rates and revenues. The key bills were passed in 20Estimated Reading Time: 9 mins. 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 28 percent rate to 25 percent.

It created a new Business tax consists of two separate taxes: the state business tax and the city business tax. With a few exceptions, all businesses that sell goods or services must pay the state business tax. This includes businesses with a physical location in the state as well as out-of-state businesses performing certain activities in the state.

Mar 14, Jobs And Growth Tax Relief Reconciliation Act of An act passed by congress that was intended to improve the economy of the United States by reducing the taxes collected, giving the. Sep 15, The Nashville Taxpayer Protection Act would repeal the city’s 34 percent property tax hike and limit future property tax increases to 2 percent per year, unless approved by a public referendum.