The maximum tax rate decreases originally scheduled to be phased into effect.

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: Bush tax cuts - WikiMili, The Free Encyclopedia - WikiMili, The Free Encyclopedia. The Jobs and Growth Tax Relief Reconciliation Act ofwas passed by the United States Congress on May 23, and signed into law by President George W.

Bush on May 28, Nearly all of the cuts were set to expire after Among other provisions, the act accelerated certain tax changes passed in the Economic Growth and Tax Relief Reconciliation Act ofincreased the exemption amount for the individual Alternative Minimum Tax, and lowered taxes Enacted by: the th United States Congress. Oct 23, The biggest tax policy changes enacted under President George W. Bush were the 20tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax Relief Reconciliation Act of (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of (JGTRRA).