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The argument also supposes that all double taxes are bad and clearly remains ignorant.

Feb 28, Research shows no evidence that tax cuts have any impact on the spending habits of upper-income taxpayers. 21  The Bush tax cuts would only increase growth enough to make up 10% of their long-run cost.

President Obama and Congress had allowed some of the Bush tax cuts for the rich to expire.

20  In addition, maintaining the cuts has been estimated to costtrillion from to 22 . Jan 24, The Bush tax cuts (along with some Obama tax cuts) were responsible for just 24 percent. [28] 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 abouttrillion between and [29]Estimated Reading Time: 12 mins.

Feb 20, Prior to the Bush tax cuts, the tax rate on capital gains was 20 percent. Dividends were taxed at the same rate as wage and salary income; therefore, most were taxed at percent. Jun 07, The future of the Bush tax cuts was a central issue in the presidential campaign, in which John McCain advocated making almost all of the cuts permanent, and Barack Obama called for extending the cuts only for families earning less than, However, when the cuts were finally due to expire inPresident Obama extended the cuts Estimated Reading Time: 7 mins.

Jan 29, Ten Myths About the Bush Tax Cuts-and the Facts.

In, nearly all the Bush tax cuts, which provided benefits to all income groups but were very tilted toward high-income households, were in effect.

Myth #1: Tax revenues remain low. Fact: Tax revenues are above the historical average, even after the tax cuts. Jul 11, The TCJA added cuts in the personal income tax and estate tax on top of the Bush-era provisions still in effect, as well as corporate income tax cuts. Inthe richest fifth of households will receive tax cuts equal to percent of their income, once again larger than those received by.