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Jun 04, Ten years after their enactment, the Bush tax cuts remain expensive, ineffective, and unfair. As outlined in a new EPI policy memo, the Bush-era tax changes conferred disproportionate benefits to those at the top of the earnings distribution, exacerbating a trend of widening income inequality at a time of already poor wage growth. A distributional analysis of the tax changes shows that the top 1% of earners (making over,) received 38% of the tax cuts.

Stephen J.

As Congress debates whether to renew tax cuts enacted early in the George W. Bush presidency, as well as various economic stimulus plans, critics often label the measures as"tax cuts for the rich." Yet a new report from the National Center for Policy Analysis (NCPA) says the Bush tax cuts made the tax code more progressive, no matter how progressivity is measured.

Two New Tax Cuts Benefit the Wealthy by Guest Blogger, 1/10/ President Bush is prepared to take his tax-cutting mania even further, commenting on Jan. 7 on his plans to push for making his 20tax cuts--which cost roughlytrillion over ten years--permanent that.

Aug 16, August 16, / PM / CBS/AP. President Bush's tax cuts since have shifted more of the tax burden from the nation's rich to middle-class families, according to a Estimated Reading Time: 2 mins.

May 26, If a person making 40, gets a 20% raise to 48, obviously that’s a “better raise” than a person who gets a 5% raise from, to, However, if one looks solely at the dollar amounts, the higher-income person got a 10, raise while the lower-income person got 8, It is similar for tax stumphauling.buzzted Reading Time: 4 mins.

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

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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. The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent.

[28] 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 [29]. Jan 11, The 'Bush tax cuts' showdown President Obama insists that the Bush-era tax cuts for the wealthy lapse, and the GOP insists they be extended. Which side will prevail? Corbis.