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Aug 18, By Michael Porfido August 18, 33 Comments. The Democratic Party, led by President Obama, is making the argument that the Bush tax cuts of 20caused the recession of Some campaign talking points are “Driving us in a ditch We’ve tried their way and it didn’t work Tax cuts for the wealthy led to the recession Returning to the failed Estimated Reading Time: 8 mins. Bush administration was characterized by significant income tax cuts in andthe implementation of Medicare Part D inincreased military spending for two wars, a housing bubble that contributed to the subprime mortgage crisis of –, and the Great Recession Missing: Wingate NC.

Feb 28, The Bush tax cuts were two tax code changes that President George W. Bush authorized during his first term.

About Michael Porfido Michael has been an editor and contributor at the website www.

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 Missing: Wingate NC. Oct 23, The biggest tax policy changes enacted under President George W. Bush were the 20tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA).Estimated Reading Time: 11 mins.

Jul 17, To come up with the fairest possible assessment, we use the period commencing in June (the month the first of the tax cuts were passed by Congress) through the pre-recession employment peak Author: Rick Ungar.