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CNN reported in September 2020 that GDP grew 4.1% on average under Democrats, versus 2.5% under Republicans, from 1945 through the second quarter of 2020, a difference of 1.6 percentage points. [3] In February 2021, The New York Times reported: "Since 1933, the economy has grown at an annual average rate of 4.6 percent under Democratic ...
Between 2001 and 2003, the Bush administration instituted a federal tax cut for all taxpayers. Among other changes, the lowest income tax rate decreased from 15% to 10%, the 27% rate went to 25%, the 30% rate went to 28%, the 35% rate went to 33%, and the top marginal tax rate went from 39.6% to 35%. [8]
Unemployment continued to rise through June 1992, even though a positive economic growth rate had returned the previous year. [3] [4] Belated recovery from the 1990–1991 recession contributed to Bill Clinton's victory in the 1992 presidential election over incumbent President George H. W. Bush.
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The numbers are most often seen during the election season or in regard to a president's economic legacy. The numbers typically used and most frequently cited by economists are total nonfarm payroll employment numbers as collected by the Bureau of Labor Statistics on a monthly and annual basis. The BLS also provides numbers for private-sector ...
The Biden White The post White House touts historic low Black unemployment rate appeared first on TheGrio. “It’s an incredible milestone,” Bharat Ramamurti, deputy director of the White ...
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 The Jobs and Growth Tax Relief Reconciliation Act of 2003 (" JGTRRA ", Pub. L. 108–27 (text) (PDF) , 117 Stat. 752 ), was passed by the United States Congress on May 23, 2003, and signed into law by President George W. Bush on May 28, 2003.