Bush Tax Cuts

Filed Under » ,
Dictionary Says

Definition of 'Bush Tax Cuts'

A series of temporary income tax relief measures enacted by President George W. Bush in 2001 and 2003. The tax cuts lowered federal income tax rates for everyone, decreased the marriage penalty, lowered capital gains taxes, lowered the tax rate on dividend income, increased the child tax credit from $500 to $1,000 per child, eliminated the phaseout on personal exemptions for higher-income taxpayers and eliminated the phaseout on itemized deductions and eliminated the estate tax.

Investopedia Says

Investopedia explains 'Bush Tax Cuts'

Because the tax cuts were in place for so many years, they began to feel permanent rather than temporary, and taxpayers and politicians raised a major outcry as their expiration date approached. Those who wanted to let the tax cuts expire as scheduled argued that the government needed the extra tax revenue in the face of massive its budget deficits. Those who wanted to extend the tax cuts or make them permanent argued that because taxes reduce economic growth and stifle entrepreneurship and incentives to work, effectively increasing taxes during a recession was a bad idea.
Search results for

'Bush Tax Cuts'

  • 8 Tax Cuts Set To Expire In 2011 - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1010/8-Tax-Cuts-Set-To-Expire-In-2011.aspx
    ... Here's a look at what will happen if Congress allows the Bush tax cuts
    to expire. ... The Bush tax cuts lowered the top rate to 15%. ...

  • Do Tax Cuts Stimulate The Economy?

    http://www.investopedia.com/articles/07/tax_cuts.asp
    ... stimulated the economy. Many credit President George W. Bush's tax cuts
    for moving the economy out of recession. Similarly, in 1964 ...

  • What New Tax And Regulatory Changes May Mean For You ...

    http://financialedge.investopedia.com/financial-edge/1211/What-New-Tax-And-Regulatory-Changes-May-Mean-For-You.aspx
    ... If you make the median US family income of $55,000 a year, the Bush tax cuts, along
    with the Obama tax cuts, will save you around $2,700 in federal taxes next ...

  • A Concise History Of Changes In US Tax Law

    http://www.investopedia.com/articles/tax/10/concise-history-tax-changes.asp
    ... The Bush tax cuts expire in 2010 under a democratic government facing the retirement
    of the baby boomers and their expected strain on social programs. ...

  • Parties For Taxes: Republicans Vs. Democrats

    http://www.investopedia.com/articles/economics/09/us-parties-republican-democrat-taxes.asp
    ... marginal rate from 39.6-35%. The Bush tax cuts also provided major tax
    incentives for businesses. The Bush administration followed up ...

  • 2010: The Best Time To Die? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1110/2010-The-Best-Time-to-Die.aspx
    ... law was enacted. However, Obama recently has agreed to extend the Bush
    tax cuts for individuals making less than $200,000 a year. ...

  • 3 Republican Plans For Your Taxes - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/3-Republican-Plans-For-Your-Taxes.aspx
    ... Romney would make the Bush tax cuts permanent and eliminate taxes on interest, capital
    gains and dividends for taxpayers with adjusted gross incomes below ...

  • Talk Is Cheap: Campaign Promises And The Economy

    http://www.investopedia.com/articles/economics/09/campaign-promises-president.asp
    ... (For further reading on this, see Do Tax Cuts Stimulate The ... Presidential Candidate
    George HW Bush's "Read my lips: No new taxes" Promise President George HW ...

  • Taxes: Who Pays And How Much? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/Taxes-Who-Pays-And-How-Much.aspx
    ... The so-called Bush tax cuts, and tax reductions enacted during the Obama administration
    have also eliminated the tax liability for many additional individuals ...

  • High-Yield Stocks Vulnerable To Dividend Tax Increase

    http://stocks.investopedia.com/stock-analysis/2010/High-Yield-Stocks-Vulnerable-To-Dividend-Tax-Increase-MO-RAI-T-VZ-DUK0406.aspx
    ... As the Bush-era tax cuts are set to expire at the end of this year, there's a rather
    unsettling possibility that the current 15% tax rate on dividends could ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links