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 (3)

How this entity was disambiguated

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 ⓘ
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 ⓘ
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 ⓘ
ideologicalOrientation supply-side economics ⓘ
influencedBy 2000 United States presidential election campaign promises of George W. Bush ⓘ
legalMechanism budget reconciliation ⓘ
legislativeSession First session of the 107th United States Congress ⓘ
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 ⓘ
presidentAtSigning George W. Bush ⓘ
primaryPolicyArea fiscal policy ⓘ
taxation ⓘ
publicLawNumber Public Law 107-16 ⓘ
relatedTo Jobs and Growth Tax Relief Reconciliation Act of 2003 ⓘ
shortName EGTRRA ⓘ
signedBy George W. Bush ⓘ
subjectOf economic and fiscal policy debates in the 2000s ⓘ
sunsetDate 2010-12-31 ⓘ
supportedBy Republican Party ⓘ
yearEnacted 2001 ⓘ

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Bush administration → notableLegislation → Economic Growth and Tax Relief Reconciliation Act of 2001 ⓘ
Additional Child Tax Credit → modifiedBy → Economic Growth and Tax Relief Reconciliation Act of 2001 ⓘ
Jobs and Growth Tax Relief Reconciliation Act of 2003 → relatedTo → Economic Growth and Tax Relief Reconciliation Act of 2001 ⓘ
Taxpayer Relief Act of 1997 → followedBy → Economic Growth and Tax Relief Reconciliation Act of 2001 ⓘ
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 → extends → Economic Growth and Tax Relief Reconciliation Act of 2001 tax cuts ⓘ
linked to: Economic Growth and Tax Relief Reconciliation Act of 2001
Economic Growth and Tax Relief Reconciliation Act of 2001 → alsoKnownAs → 2001 Bush tax cuts ⓘ
linked to: Economic Growth and Tax Relief Reconciliation Act of 2001