Describes 2001 and 2003 Bush Administration tax cuts enacted under P.L. 107-16, the Economic Growth and Tax Relief Reconciliation Act of 2001, and P.L. 108-27, the Jobs and Growth Tax Relief Reconciliation Act of 2003, both scheduled to expire in 2010. Analyzes economic arguments against allowing these tax cuts to expire by using historical evidence and by comparing performance of economic indicators in periods before and after tax cuts were enacted. Examines long and short term relationships between tax cuts and the economy.
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC. CRS Report.
Microfiche version: Library of Congress.Congressional Research Service. What Effects Would the Expiration of the 2001 and 2003 Tax Cuts Have on the Economy?