From Wikipedia, the free encyclopedia.
The Jobs and Growth Tax Relief Reconciliation Act of 2003 was passed by the United States Congress on May 23, 2003 and signed by President Bush five days later.
Among other provisions, the act accelerated certain tax changes passed earlier, increased the exemption amount for the individual Alternative Minimum Tax, and lowered taxes of income from dividends and capital gains.
The Congressional Budget Office estimated it would increase budget deficits by $60 billion in 2003 and by $340 billion by 2008.
