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The Bush Tax Cut and National Saving National Tax Journal Vol. LV, No. 3 September Abstract - Following through on pledges made during his election campaign, President Bush proposed and Congress passed a sub-stantial tax cut inthe Economic Growth and Tax Relief Rec-onciliation Act (EGTRRA).

Much has been written about the size. To analyze the behavioral effects of the Bush tax cut on saving and other macroeconomic variables, I use the Auerbach-Kotlikoffmodel in conjunction with the NBER's TAXSIM model. An interesting by-product of this analysis is the 'dynamic scorin g' of the tax cut - the estimated feedback effects of behavior on treeclear.buzz by: 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.

Bush Presidency of Barack Obama.

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. recently agreed to a tax and spending plan that includes a 2-year extension of the Bush tax cuts.

A 2-year extension of the Bush tax cuts could cost overbillion and increase debt service costs bybillion over 10 years.

A temporary extension of the Bush tax cuts, however, could. The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. The New York Times stated in an editorial that the full Bush-era tax cuts were the single biggest contributor to the deficit over the past decade, reducing revenues by abouttrillion between and