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The Fiscal Times.

Feb 28, The tax cuts benefited high-income individuals the most; those in the top 1% of households saw their average tax rates fall by % compared with only 2% or less for other households. In addition, it increased the U.S. debt bytrillion over a year period. treefalling.buzzg: Stafford VA. Jan 24, The phrase Bush tax cuts refers to changes to the United States tax code passed originally during the presidency of George W. Bush and extended during the presidency of Barack Obama, through: Economic Growth and Tax Relief Reconciliation Act of Jobs and Growth Tax Relief Reconciliation Act of Tax Relief, Unemployment Insurance Reauthorization, and Job Estimated Reading Time: 12 mins.

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