Economic Growth and Tax Relief Reconciliation Act of 2001

The Economic Growth and Tax Relief Reconciliation Act of 2001 was a law aimed at boosting the economy by reducing taxes for individuals and businesses. It intended to increase consumer spending and investment, stimulating economic growth. The act also aimed to gradually decrease income tax rates, expand credits for families, and improve retirement savings options. Overall, it was designed to provide tax relief to promote a healthier economy and increase personal financial security, while also adjusting government revenue through these reductions over time.