Searching for Why Should I Support Bushs Tax Cuts information? Find all needed info by using official links provided below.
https://www.thebalance.com/president-george-bush-tax-cuts-3306331
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 2001 and investors in 2003. They were supposed to expire at the end of 2010. 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.
https://taxfoundation.org/looking-back-bush-tax-cuts-fifteen-years-later
Allowing the Bush tax cuts to expire in full would have significantly increased the tax burden of households making under $250,000, a step that most legislators were unwilling to take. The persistence of the Bush tax cuts for low- and middle- income Americans should be viewed as a major policy legacy of the Bush administration.
https://www.epi.org/blog/bush-tax-cuts-stay/
Jan 07, 2013 · While the Bush tax cuts were designed as overwhelmingly regressive, the most recent deal does add some progressivity to the tax code, by allowing the cuts to expire on the top 0.7 percent of taxpayers (remember that even if taxes do go up on someone earning $500,000, that person still enjoys lower rates on income below the $400,000/$450,000 threshold).
https://en.wikipedia.org/wiki/Bush_tax_cuts
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 about $1.8 trillion between 2002 and 2009.
https://www.thebalance.com/tax-cuts-definition-types-and-how-they-work-3306328
Jun 25, 2019 · Once tax cuts are put in place, they are difficult to revoke. Why? A tax cut reversal feels like, and has the same impact, as a tax increase. Members of Congress risk their reelection if they support a tax increase. That's why the Bush tax cuts never really expired.
https://www.ajc.com/news/opinion/pro-con-should-the-bush-tax-cuts-extended/HnobEDu4LPcXP1IjlUMbJK/
The revenue cost of the tax cuts is estimated to be $1.7 trillion over a 10-year period, while federal corporate and individual income tax revenues were approximately $11.8 trillion from 2001 to 2010.
https://www.change.org/p/irresponsible-bush-tax-cuts-with-2-unfunded-wars
Photo is an actual street in Rep. Michael Grimm's district (Bay Ridge, Brooklyn) which collapsed on August 1, 2012. This was just 1 of many street collapses in the same area because infrastructure is being neglected because of our revenue problem created by Bush tax cuts!
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