According to the Associated Press, the increase would be the second.

7 rowsOct 23, The biggest tax policy changes enacted under President George W. Bush were the and Estimated Reading Time: 11 mins. A series of tax cuts were enacted early in the George W. Bush Administration by the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA).

These tax cuts, which are collectively known as the Bush tax cuts, were originally scheduled to expire at the end of Feb 28, JGTRRA Tax Cut of InPresident Bush authorized the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA).

It is commonly known by its abbreviation EGTRRA, often pronounced egg-tra or egg-terra, and sometimes also known simply as the Act especially where the context of a discussion is clearly about taxes, but is more commonly referred to as one of the two Bush tax cuts.

  It reduced tax rates on long-term capital gains and dividends to 15%.   It also increased tax deductions for small businesses.

JGTRRA also accelerated several provisions in EGTRRA that were taking too long, such as an increase in the standard. Feb 15, The 20Bush Tax Cuts: Economic Effects of Permanent Extension. If Congress does not act soon, millions of taxpayers will see their tax. The Bush tax cuts were a series of temporary income tax relief measures enacted by President George W.

Bush in and They occurred through two pieces of legislation: the Economic Growth.