Economic Growth and Tax Relief Reconciliation Act of 2001
E892435
The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major U.S. federal law that substantially reduced income, estate, and other taxes, forming the core of President George W. Bush’s early tax-cut agenda.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Economic Growth and Tax Relief Reconciliation Act of 2001 canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T10889125 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Economic Growth and Tax Relief Reconciliation Act of 2001 Context triple: [Bush administration, notableLegislation, Economic Growth and Tax Relief Reconciliation Act of 2001]
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A.
Deficit Reduction Act of 2005
The Deficit Reduction Act of 2005 is a U.S. federal law aimed at cutting government spending and reducing the federal budget deficit, notably affecting programs such as Medicare and Medicaid.
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B.
Balanced Budget Act of 1997
The Balanced Budget Act of 1997 is a major U.S. federal law that overhauled Medicare and other health programs to reduce federal spending and expand private-plan options for beneficiaries.
-
C.
Omnibus Budget Reconciliation Act of 1993
The Omnibus Budget Reconciliation Act of 1993 was a major U.S. federal law that aimed to reduce the federal deficit through a combination of tax increases, particularly on higher-income earners, and spending restraints.
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D.
Omnibus Budget Reconciliation Act of 1990
The Omnibus Budget Reconciliation Act of 1990 was a major U.S. federal law that aimed to reduce the budget deficit through a combination of spending cuts and tax increases, including raising the top income tax rate and implementing new excise taxes.
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E.
Balanced Budget Refinement Act of 1999
The Balanced Budget Refinement Act of 1999 was U.S. federal legislation that modified and eased some of the Medicare and Medicaid spending cuts and payment policies established under the Balanced Budget Act of 1997.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Economic Growth and Tax Relief Reconciliation Act of 2001 Target entity description: The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major U.S. federal law that substantially reduced income, estate, and other taxes, forming the core of President George W. Bush’s early tax-cut agenda.
-
A.
Deficit Reduction Act of 2005
The Deficit Reduction Act of 2005 is a U.S. federal law aimed at cutting government spending and reducing the federal budget deficit, notably affecting programs such as Medicare and Medicaid.
-
B.
Balanced Budget Act of 1997
The Balanced Budget Act of 1997 is a major U.S. federal law that overhauled Medicare and other health programs to reduce federal spending and expand private-plan options for beneficiaries.
-
C.
Omnibus Budget Reconciliation Act of 1993
The Omnibus Budget Reconciliation Act of 1993 was a major U.S. federal law that aimed to reduce the federal deficit through a combination of tax increases, particularly on higher-income earners, and spending restraints.
-
D.
Omnibus Budget Reconciliation Act of 1990
The Omnibus Budget Reconciliation Act of 1990 was a major U.S. federal law that aimed to reduce the budget deficit through a combination of spending cuts and tax increases, including raising the top income tax rate and implementing new excise taxes.
-
E.
Balanced Budget Refinement Act of 1999
The Balanced Budget Refinement Act of 1999 was U.S. federal legislation that modified and eased some of the Medicare and Medicaid spending cuts and payment policies established under the Balanced Budget Act of 1997.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
tax cut law ⓘ |
| aimedTo |
reduce estate taxes
ⓘ
reduce federal income taxes ⓘ reduce gift taxes ⓘ reduce marriage penalty ⓘ stimulate economic growth ⓘ |
| alsoKnownAs | 2001 Bush tax cuts NERFINISHED ⓘ |
| appliesTo |
estates subject to federal estate tax
ⓘ
individual income taxpayers in the United States ⓘ |
| chamberInvolved |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| containsProvision |
across-the-board reductions in individual income tax rates
ⓘ
changes to retirement savings contribution limits ⓘ creation of a new 10 percent income tax bracket ⓘ expansion of tax-favored education savings accounts ⓘ gradual reduction of top marginal income tax rates ⓘ increase in child tax credit ⓘ increase in estate tax exemption ⓘ introduction of catch-up contributions for retirement accounts ⓘ marriage penalty relief ⓘ phased-in repeal of federal estate tax ⓘ temporary nature of tax cuts with sunset date ⓘ |
| coreOf | George W. Bush early tax-cut agenda ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| criticizedFor |
increasing federal budget deficits
ⓘ
providing disproportionate benefits to higher-income taxpayers ⓘ |
| dateSigned | 2001-06-07 ⓘ |
| effectiveFrom | tax year 2001 ⓘ |
| enactedBy | 107th United States Congress NERFINISHED ⓘ |
| ideologicalOrientation | supply-side economics ⓘ |
| influencedBy | 2000 United States presidential election campaign promises of George W. Bush NERFINISHED ⓘ |
| legalMechanism | budget reconciliation NERFINISHED ⓘ |
| legislativeSession | First session of the 107th United States Congress NERFINISHED ⓘ |
| longTitleIncludes | An Act to provide for reconciliation pursuant to section 104 of the concurrent resolution on the budget for fiscal year 2002 ⓘ |
| opposedBy | many Democratic lawmakers ⓘ |
| partyOfPresidentAtSigning | Republican Party NERFINISHED ⓘ |
| presidentAtSigning | George W. Bush NERFINISHED ⓘ |
| primaryPolicyArea |
fiscal policy
ⓘ
taxation ⓘ |
| publicLawNumber | Public Law 107-16 NERFINISHED ⓘ |
| relatedTo | Jobs and Growth Tax Relief Reconciliation Act of 2003 NERFINISHED ⓘ |
| shortName | EGTRRA NERFINISHED ⓘ |
| signedBy | George W. Bush ⓘ |
| subjectOf | economic and fiscal policy debates in the 2000s ⓘ |
| sunsetDate | 2010-12-31 ⓘ |
| supportedBy | Republican Party NERFINISHED ⓘ |
| yearEnacted | 2001 ⓘ |
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Subject: Economic Growth and Tax Relief Reconciliation Act of 2001 Description of subject: The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major U.S. federal law that substantially reduced income, estate, and other taxes, forming the core of President George W. Bush’s early tax-cut agenda.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.