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Developed in by economist Arthur Laffer, the curve depicts how tax cuts.

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.

Jan 24, The Bush tax cuts reduced income taxes for those earning over 1 million by, per year on average during the – period. The tax cuts made the tax system less progressive. From throughthe tax cuts increased the after-tax income of the highest-income taxpayers by a far larger percentage than they did for middle- and Estimated Reading Time: 12 mins.

Dec 19, President Barack Obama made a controversial compromise recently when the U.S. House of Representatives passed a bill that extends the Bush tax cuts as well as unemployment benefits. Themillion deal will give million Americans the Bush-era tax cuts until but also includes billions more in spending that will be paid for with borrowed money, according to the.

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Open year-round. Apr 10, When President Barack Obama agreed to a two-year extension of the Bush tax cuts in Decemberit outraged many congressional Democrats. But on Tuesday, White House campaign strategist David Estimated Reading Time: 2 mins.

That means older Americans are going to get squeezed, while our ability to defend ourselves goes into decline.

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. Now they're paying So.