The Impact of 2001 Tax Cut Legislation
The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 phases in tax cuts through 2010. Its provisions are “sunset” at the end of calendar year 2010, but few expect the cuts to be eliminated entirely. The version of the tax cut bill that Congress passed after strenuous debate contains benefits for households at all income levels.
Suggested citation: "The Impact of 2001 Tax Legislation," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-09, pp. 13, 09.01.2002.