Economic Growth and Tax Reconciliation Act (EGTRA) (2001)

The Economic Growth and Tax Relief Reconciliation Act (EGTRA) (P.L.107-16), also known as the first Bush Tax Cut, was a signature piece of legislation for President Bush that provided broad tax relief, including reduced income tax rates, doubling the child tax credit, phasing-out the estate tax, and introducing retirement savings incentives, all intended to stimulate economic growth.