President Bush's Tax Plan: Impacts on Age and Income Groups

President Bush' s Tax Plan Impacts on Age and Income Groups

This and Related Reports

Report Home Almost immediately after Congress enacted the Economic Growth and Revenue Reconciliation Act (EGTRRA) of 2001 in May 2001, there were hints that the phased-in legislation would become a future political battleground. There are those who would like to accelerate the pace of the tax cuts in the name of economic stimulus, and others who think the later phases of the legislation should be permanently canceled. In this AARP Public Policy Institute Issue Brief by John R. Gist, the issue of who gained the most from the income tax cuts in EGTRRA is examined, focusing on age groups, income groups, and types of tax filers. The impact on the federal budget surpluses and the ability to finance Social Security is also discussed. (13 pages) Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

Close In the next 24 hours, you will receive an email to confirm your subscription to receive emails related to AARP volunteering. Once you confirm that subscription, you will regularly receive communications related to AARP volunteering. In the meantime, please feel free to search for ways to make a difference in your community at Javascript must be enabled to use this site. Please enable Javascript in your browser and try again.