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President Bush's Tax Proposal: A Brief Overview (CRS Report for Congress)

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Release Date June 21, 2001
Report Number RS20819
Report Type Report
Authors David L. Brumbaugh, Government and Finance Division
Source Agency Congressional Research Service
Summary:

On February 8, 2001, President Bush sent to Congress the outlines of a proposal to cut taxes by an estimated $1.6 trillion over 10 years. A conference committee version of the tax cuts (H.R. 1836) was approved by the House and Senate on May 26; it was signed into law on June 7 and became P.L. 107-16, the Economic Growth and Tax Relief Reconciliation Act of 2001.