Datasets : Effects of Bush tax relief on Tax Receipts, GDP and employment

Uploaded By: cgreen	Created at: Tuesday September 04, 1:42 PM
Data Source: OMB, BLS.GOV
Description: data and chart shows effects of Bush tax cuts that went into effect in 2003. GDP rose and tax receipts into the government rose. Many politicians and the press try to claim that cutting taxes results in LESS tax revenue coming in which is not true. Also shows the positive effects of the Bush tax cuts on reducing the unemployment rate.
Tags: taxes relief cuts boom increased revenue

	Year	US Government Tax Receipts (millions)	GDP (millions)	Unemployment (%)
1	2000	2,025,457	9,709,800	4
2	2001	1,991,426	10,057,900	4.7
3	2002	1,853,395	10,377,400	5.8
4	2003	1,782,532	10,808,600	6
5	2004	1,880,279	11,517,500	5.5
6	2005	2,153,859	12,265,800	5.1
7	2006	2,407,254	13,061,100	4.6
8	2007 (est)	2,540,096	13,761,200	4.5