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Congressional Budget Office.

Jan 24, On January 1,the Bush Tax Cuts expired. However, on January 2,President Obama signed the American Taxpayer Relief Act ofwhich reinstated many of the tax cuts, effective retroactively to January 1. The Act did not repeal the increase in the highest marginal income tax rate (from 35% to %) which had been imposed on Estimated Reading Time: 12 mins.

Oct 23, In CBPP estimated that, when the associated interest costs are taken into account, the Bush tax cuts (including those that policymakers made permanent) would addtrillion to deficits from to This means that the Bush tax cuts will be responsible for roughly one-third of the federal debt owed by Estimated 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.

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