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A majority, 54 percent, wanted to make them permanent, while 35 percent favored allowing them to expire. In a Jan. poll by CBS News and the New York Times, 47 percent said the tax cuts. Oct 23, 36%. 33%. Above, %. 35%. a Based on tax brackets for a married couple inrounded to the nearest 1, The 20tax cuts also phased out the estate tax, repealing it entirely in In addition, the tax cuts included three components that are often referred to as “middle-class” tax treeclearance.buzzted Reading Time: 11 mins.

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. Sep 14, The expiration at of the so-called Bush tax cuts at the end of raises questions about what is best for pulling the country out of the recession, Estimated Reading Time: 9 mins.

business profits (“ordinary income”) to return to percent (from 35 percent) and 36 percent (from 33 percent).

During his presidential campaign.

Given our country’s pressing needs, we simply can’t afford to continue to give people who make at least 1 million a year an average tax cut of, 2. Aug 01, The tax cuts enacted in andknown as the Bush tax cuts, are set to expire on December 31,and the fight in Congress over whether and how to extend them or not is increasingly heated. Jun 07, Big debt: Between andthe Bush tax cuts addedtrillion to the public debt, 50 percent of the total debt accrued during that time.

Over the past 10 years, the country. Aug 16, The top 1 percent is actually paying percent, 30 -- with only percent before the tax cut. Before the tax cut, the top 20 percent were paying about 78 percent.