Jobs And Growth Tax Relief Reconciliation Act of 2003

Legislation in the United States that lowered most marginal tax brackets and reduced taxes in other ways. For example, the Act reclassified many dividends as long-term capital gains, which caused them to be taxed at a much lower rate. Proponents of the Act argued that it would spur economic growth and job creation following the 2001-2002 recession, while critics contended that it would increase the deficit unnecessarily and shift the tax burden from the wealthy to the middle class.

单词	jobs and growth tax relief reconciliation act of 2003
释义	Jobs And Growth Tax Relief Reconciliation Act of 2003 Jobs And Growth Tax Relief Reconciliation Act of 2003 Legislation in the United States that lowered most marginal tax brackets and reduced taxes in other ways. For example, the Act reclassified many dividends as long-term capital gains, which caused them to be taxed at a much lower rate. Proponents of the Act argued that it would spur economic growth and job creation following the 2001-2002 recession, while critics contended that it would increase the deficit unnecessarily and shift the tax burden from the wealthy to the middle class. AcronymsSeeJGTRRA
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