Question

In his first term, President George W. Bush cut taxes to Question 5 options: increase the budget deficits. finance education reform. cover prescription drugs in Medicare. stimulate the economy.

Answer 1

In his first term,President George W Bush cut taxes to :

• stimulate the economy.

Tax cut extension,extending 2001 to 2003 beyond 2010 cost $2.9 trillion,with an additional $ 606 billion in debt service costs,taking the grand total cost to $ 3.5 trillion.

Answer 2

The correct answer is: stimulate the economy.

President George W. Bush authorized in 2001, in an effort to help the economic recession a tax cut called the Economic Growth and Tax Relief Reconciliation Act of 2001. Even though it helped, it also left the United States heavily indebted.