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Jobs and Growth Tax Relief Reconciliation Act of 2003

The Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JGTRRA", Pub. L.Tooltip Public Law (United States) 108–27 (text) (PDF), 117 Stat. 752), was passed by the United States Congress on May 23, 2003, and signed into law by President George W. Bush on May 28, 2003. Nearly all of the cuts (individual rates, capital gains, dividends, estate tax) were set to expire after 2010.[1]

Long title

An act to provide for reconciliation pursuant to section 201 of the concurrent resolution on the budget for fiscal year 2004.

JGTRRA

Pub. L.Tooltip Public Law (United States) 108–27 (text) (PDF)

Among other provisions, the act accelerated certain tax changes passed in the Economic Growth and Tax Relief Reconciliation Act of 2001, increased the exemption amount for the individual Alternative Minimum Tax, and lowered taxes of income from dividends and capital gains. The 2001 and 2003 acts are known together as the "Bush tax cuts".

Taxation in the United States

– Post 1970s taxation/budget policy

Starve the beast

Full text of the Act

Summary of the Act(pdf file)

Senate Roll Call Vote – Jobs and Growth Tax Relief Reconciliation Act

The President's Agenda for Tax Relief

Effective Federal Tax Rates Under Current Law, 2001 to 2014

Prof. John Wachowicz at the University of Tennessee

Special Report: Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)