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JGTRRA |
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Like many JGTRRA provisions, it will sunset after 2010. EGTRRA and JGTRRA tax cuts threatened to make many new taxpayers subject to the alternative minimum tax (AMT). Corporate receipts surged more than 40 percent, or $58 billion, reflecting the improvement in corporate profits; individual tax receipts--restrained by JGTRRA, which pulled forward reductions of personal tax rates that had been scheduled for the second half of the decade--rose only about 2 percent. |
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