Overview of the George W. Bush Tax Plan

CTJ Analyses of Bush Plan
Revised Analysis of Bush Plan8/31/00
Bush Plan and Working Families1/15/00
May Analysis of Bush Plan5/17/00

In early December of 1999, Republican presidential candidate George W. Bush announced a plan for large-scale tax reductions. The plan was clarified and amended in May 2000. The principal components of the Bush plan are:

Distribution and Ten-Year Cost of the Bush Plan's Benefits

A May 17, 2000 CTJ analysis found that three-fifths of the tax cuts from Bush's plan would go to the best-off 10 percent of taxpayers, and that 43 percent of the benefits would go to the top one percent. Over ten years, the Bush plan would reduce federal revenues by $1.6 trillion. Together with increased interest payments on the national debt, the total cost of the plan over ten years would be more than $1.9 trillion, about 90 percent of the projected budget surpluses over the same period not counting Social Security. For more on this analysis, click here.

How the Bush Plan Would Affect Working Families

A January 2000 CTJ analysis, updated in May, provides a detailed look at the impact of the current tax system on moderate-income working families--and examines the changes that would result from the Bush tax plan. The CTJ analysis, focusing on working families with children that currently receive the federal earned income tax credit, found that the Bush plan would reduce marginal tax rates for about 2.9 million of these 13.9 million families. These families would receive only two percent of the Bush plan's tax cuts. To see the full text of this analysis, click here.

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