What Effects Would the Expiration of the 2001 and 2003 Tax Cuts Have on the Economy?

Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: Taxation;    Tax cuts;   

RP-ID  :  R41443
RP-ID  :  R41443_2010Oct05

美国|英语

来源: UNT Digital Library

【 摘 要 】

In 2001 and 2003, Congress enacted major tax cuts (popularly referred to as the "Bush tax cuts"), the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. Congress is currently debating whether to extend some or all of these tax cuts that are scheduled to expire at the end of 2010. This report discusses the two main economic arguments against allowing the tax cuts to expire as scheduled, using historical evidence and by examining the current economic environment.