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Bush's tax cuts: How did they affect you?


Susan Yetter recalls vividly the day in March 2001 when President George W. Bush came to Western Michigan University and declared that the U.S. budget surplus "is the people's money, and we ought to trust them with their own money." Less than three months later, on June 7, 2001, Bush signed into law a 10-year, $1.6 trillion package of tax cuts making good on that promise. It buoyed businesses and consumers at the government's expense, creating private investment and jobs but contributing to future budget deficits. more

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