Tag: Bush 2001 tax cut
![President George W. Bush delivering his State of the Union speech before a joint session of Congress](https://crr.bc.edu/wp-content/uploads/2023/07/President-George-W.-Bush-delivering-his-State-of-the-Union-speech-before-a-joint-session-of-Congress-1536x1024.jpg)
President Obama should let the Bush 2001/2003 tax cuts expire at the end of 2012, not only for the wealthiest Americans but also for couples with incomes under $250,000 and for individuals with incomes under $200,000. To accomplish this goal he needs to do nothing. Gridlock and inertia are on his side. Letting the tax…