Jobs and Growth Tax Reconciliation Act (JGTRA) (2003)

The Jobs and Growth Tax Relief Reconciliation Act (JGTRA) (P.L.108-27), also known as the second Bush tax cut, was a signature piece of legislation for President Bush that accelerated the 2001 Economic Growth and Tax Reconciliation Act, lowered capital gains and dividend tax rates to 15 percent, and increased expensing for small businesses, intended to boost job creation and investment.