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    ›› Coverage Events : Jobs and Growth Tax Relief Reconciliation Act of 2003

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Glossary Term – Event

Bush tax cuts

President Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001. The legislation made sweeping changes to the federal tax code by lowering income tax rates and implementing a one-time tax refund payment. A second “Bush tax cut”—the Jobs and Growth Tax Relief Reconciliation Act of 2003—reduced income and capital gains tax rates and increased deductions.