The Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JGTRRA", Pub.L. 108-27, 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.
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".
Read more about Jobs And Growth Tax Relief Reconciliation Act Of 2003: Description of Cuts, Legislative History, Tax Bracket Comparison
Famous quotes containing the words jobs, growth, tax, relief and/or act:
“We have not been fair with the Negro and his education. He has not had adequate or ample education to permit him to qualify for many jobs that are open to him.”
—Lyndon Baines Johnson (1908–1973)
“From infancy, a growing girl creates a tapestry of ever-deepening and ever- enlarging relationships, with her self at the center. . . . The feminine personality comes to define itself within relationship and connection, where growth includes greater and greater complexities of interaction.”
—Jeanne Elium (20th century)
“What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Across Parker Avenue from the fort is the Site of the Old Gallows, where 83 men “stood on nothin’, a-lookin’ up a rope.” The platform had a trap wide enought to “accommodate” 12 men, but half that number was the highest ever reached. On two occasions six miscreants were executed. There were several groups of five, some quartets and trios.”
—Administration in the State of Arka, U.S. public relief program. Arkansas: A Guide to the State (The WPA Guide to Arkansas)
“The only rule is, do what you really, impulsively, wish to do. But always act on your own responsibility, sincerely. And have the courage of your own strong emotion.”
—D.H. (David Herbert)