JGTRRA (Bush Tax Cuts II)

Jobs and Growth Tax Relief Reconciliation Act of 2003

§ LEGISLATIONtax· 2003

SignedMay 28, 2003PresidentGeorge W. Bush (R)Congress108th · House: R · Senate: R

What It Did

Accelerated the income tax rate cuts from EGTRRA, reduced the top tax rate on capital gains from 20% to 15%, and taxed qualified dividends at the same 15% rate for the first time. Projected cost of $350 billion over 10 years.

The Vote

House · 231–200 (conference report)

7 YEA · 198 NAY

224 YEA · 1 NAY

Senate · 51–50 (conference report)

2 YEA · 46 NAY

49 YEA · 2 NAY

Key Sponsors

→ Bill Thomas (R-CA) · House

→ Charles Grassley (R-IA) · Senate

→ Egtrra 2001

→ American Taxpayer Relief 2012

→ Tcja 2017

Sources: Congress.gov · VoteView · FRED

In the Years Following

Economic indicators related to this law, showing 5 years before through 10 years after.

Gini Index (Inequality)

Corporate Profits After Tax

Real Median Household Income

Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.