Business & Finance
George W. Bush

Bush Tax cuts?

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2012-11-29 22:27:36

Across the board tax reduction that occurred during 2001 and

2003. Supporters of President Bush's actions said it gave a tax cut

("tax relief") to everyone who paid income taxes. Opponents noted

it was highly unusual to give tax cuts during a war; that these

cuts mainly helped the wealthy; and that the tax cuts contributed

to a growing budget deficit. The tax cuts were scheduled to expire

in 2010.

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