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SUMMARY Tax cuts alone do not equal free-market economics, nor do they equal fiscal reform. Cutting taxes allows poli - cymakers to give voters something they want, while appearing to rein in the size of government. But this is a. 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.

Jul 09, Political Cartoons – Obama vs Bush Tax Cuts. Associated Press reports on today’s statement by President Barack Obama asking for Congress to extend the middle class portion of the Bush Tax Cuts for another year: Obama said if Congress passes a one-year extension for those making less than, voters can use the November election to Estimated Reading Time: 50 secs. Mar 14, Jobs And Growth Tax Relief Reconciliation Act of An act passed by congress that was intended to improve the economy of the United States by reducing the taxes collected, giving the.