The Fiscal Cliff thread.

[Thiebear]

The Bush Tax Cuts were passed to save us from a GOP-projected future in which the entire national debt would have been paid off by 2015.
And yes, it would appear that they were successful.
It lowered taxes by 3% on the top income tax bracket. Other brackets received different amounts of cuts.
Dunno about "helped". I'm pretty certain that 401K's existed before Bush, and were completely tax exempt before him. But it wouldn't surprise me if he didn't adjust them in some way or another.
Nope. Created in 1997.
The amount that you are allowed to put in them has been increased several times. Don't know if it was in the same law as the tax cuts or not. Might well have been.
As is typically the case, I have no clue what you're talking about, here.

Someone is cranky pointing out incorrect heritage foundation reports in the 2001?, but the name in 2010 is really for jobs...
Economic Growth and Tax Relief Reconciliation Act of 2001
Jobs and Growth Tax Relief Reconciliation Act of 2003
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010


http://en.wikipedia.org/wiki/Economi...on_Act_of_2001
the 15% bracket's lower threshold was indexed to the new 10% bracket
the 28% bracket would be lowered to 25% by 2006.
the 31% bracket would be lowered to 28% by 2006
the 36% bracket would be lowered to 33% by 2006
the 39.6% bracket would be lowered to 35% by 2006

and if we passed TARP we would be at 5% unemployment now? They both had their purpose.

I did see where you posted about removing it altogether will NOT cause the 1% loss in Growth I read it would. - if no harm Kill it!
If Harm, we just gained 178k jobs (thanksgiving), need 400k a month (lost 500k jobs altogether making the 7.7%). So don't make it worse please.

And the unemployment rate fell to a four-year low in November from 7.9 percent in October mostly because more people stopped looking for work and weren't counted as unemployed.

But the government said employers added 49,000 fewer jobs in October and September than it initially estimated.