Properties (54)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Tax policy
|
| gptkbp:aimsTo |
stimulate economic growth
reduce income tax rates |
| gptkbp:analyzes |
academic research
various economic studies CBO_reports |
| gptkbp:controversy |
effectiveness
increased federal deficit long-term consequences benefits for wealthy individuals impact on income inequality |
| gptkbp:criticism |
gptkb:Democratic_Party
|
| gptkbp:economicActivity |
Keynesian economics
classical economics neoclassical economics |
| gptkbp:enactedBy |
gptkb:George_W._Bush
2001 2003 |
| gptkbp:expirationDate |
2010
|
| gptkbp:historicalContext |
political climate of the early 2000s
post-9/11 economic environment recession of early 2000s |
| https://www.w3.org/2000/01/rdf-schema#label |
Bush Tax Cuts
|
| gptkbp:impact |
funding cuts
long-term fiscal challenges increased national debt wage stagnation increased child tax credit income growth for top earners increased business investment lowered capital gains tax reduced estate tax reduced government services stimulated stock market |
| gptkbp:includes |
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act
Economic Growth and Tax Relief Reconciliation Act |
| gptkbp:is_a_member_of |
gptkb:Republican_Party
|
| gptkbp:legacy |
influenced future tax legislation
shaped political discourse on taxes part_of_Bush_administration's_economic_policy |
| gptkbp:notableEvent |
Tax Cuts and Jobs Act
Tax Increase Prevention and Reconciliation Act |
| gptkbp:publicAccess |
mixed reactions
criticism from progressives support among conservatives |
| gptkbp:relatedTo |
fiscal policy
tax cuts supply-side economics |
| gptkbp:replacedBy |
gptkb:American_Taxpayer_Relief_Act
|
| gptkbp:resultedIn |
job creation
economic expansion increased consumer spending |
| gptkbp:revenue |
decreased federal revenue
increased tax burden on future generations |