George W.

9 rowsAug 24, When the Bush tax cuts are combined ( percent), they would be larger than Reagan’s tax Estimated Reading Time: 6 mins.

But they note that it's difficult to estimate the extent to which the cuts would have increased revenue in the absence of a recession.

Contrasting the size of the tax cuts with national income shows that the Kennedy tax cut, representing percent of income, was the single largest first-year tax-cut of the post-WW II era. The Reagan tax cuts represented percent of income while none of the Bush tax cut even breaks 1 percent of income. The Kennedy tax cuts would only have.

Apr 26, How it measures up: The legislation cut taxes bybillion in the first year, orbillion in today's dollars.

The first tax cut was signed into law in June and many provisions were phased in over several years.

It is smaller than both the Reagan and the Kennedy tax cuts as Estimated Reading Time: 4 mins. Apr 26, How it measures up: The bill cut taxes bybillion over the first year, or around 91 billion after adjusting for inflation.

As a share of national income, the Kennedy tax cut’s first-year Estimated Reading Time: 2 mins. Kennedy, Reagan, and Bush Tax Cuts Compared to Other Budget Items Tax Legislation As a Percent of Federal Budget (a) Tax Relief Social Security Defense All Other Domestic Spending The Kennedy Tax Cut (Revenue Act of ) % % % % The Reagan Tax Cut (Economic Recovery Tax Act of ) % % % % Bush Tax Cuts.