Research Report Future Income Tax Cuts From the 2001 Tax Legislation
William G. Gale, Matthew Hall, Peter Orszag
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The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 back-loaded many of its provisions. For example, EGTRRA reduces the top income tax rate from 38.6 percent currently to 37.6 percent in 2004 and 35 percent in 2006. The future income tax cuts scheduled under EGTRRA have different distributional implications from those in place as of 2003.
Research Areas Taxes and budgets
Tags Individual taxes Federal budget and economy