Debate over what to do regarding the expiration became a regular issue in.

Programs Medicare Social programs Social Security.

Sep 10, The Tax Foundation has reached a similar conclusion about the Bush tax plan. It estimates the proposal would cut taxes bytrillion over 10 years under a static estimate ortrillion using dynamic scoring. The economists--John Cogan, Martin Feldstein, Glenn Hubbard, and Kevin Warsh-- call their growth forecast treeclean.barted Reading Time: 3 mins. Feb 28, The Bush tax cuts would only increase growth enough to make up 10% of their long-run cost.   In addition, maintaining the cuts has been estimated to costtrillion from to  .

The most solid number I found was put out by Citizens for Tax Justice and estimated the cost (as of January ) of the Bush tax cuts for the top 5% at trillion dollars. But, of course, the Bush cuts were quite small compared to the Reagan cuts.

The tax cuts made the tax system less progressive.

Oct 23, The cost of the tax laws enacted during George W. Bush’s administration is equal to roughly 2 percent of gross domestic product (GDP) inthe year the provisions were fully phased in. This figure includes the amount the tax cuts increased the cost of “patching” the Alternative Minimum Tax (AMT) to keep the tax from affecting millions of upper-middle-class households, a problem the tax Estimated Reading Time: 11 mins.

The Bush tax cuts raised the estate tax exemption from, tomillion (single filer) and lowered the top rate from 60% to 45%, from to 37 Inthe top 5% of earners paid 93% of estate taxes, while the bottom 90% of earners paid just 5% of estate taxes. The wealthiest % paid 42% of estate taxes.

The CBO estimated in June that the Bush tax cuts of (EGTRRA) and (JGTRRA) added approximatelytrillion total to the debt over the – decade, excluding interest. [2] The CBO estimated in January that the Bush tax cuts would add approximatelytrillion to the debt over the – decade if fully extended at all income levels, including interest.