| | Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in [[taxation]] over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the tax on estates. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref> | | Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in [[taxation]] over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the tax on estates. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref> |
| − | Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.<ref>http://www.usatoday.com/money/markets/us/2006-05-08-mart-usat_x.htm</ref> Even the working class is benefiting from the Bush economy, as unemployment hits an all time low in March 2007.<ref>http://news.yahoo.com/s/ap/economy</ref> After initial objections by Bush, the Democrats passed a raise to the minimum wage which Bush subsequently signed.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html</ref> Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment. | + | Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.<ref>http://www.usatoday.com/money/markets/us/2006-05-08-mart-usat_x.htm</ref> Even the working class is benefiting from the Bush economy, as unemployment hits an all time low in March 2007.<ref>http://news.yahoo.com/s/ap/economy</ref> Bush worked with Democrats to raise the minimum wage to a more livable level.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html</ref> Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment. |
| − | When President George W. Bush entered office, his popularity rating was near 50%. However, after the [[September 11]] attacks, his popularity rose significantly, reaching an all-time high of 90%.<ref>[http://blogs.usatoday.com/onpolitics/2007/07/usatgallup-po-1.html USAT Gallup Poll]</ref> Since, then, though, it declined as some of his policies including the [[Iraq War|war in Iraq]] have become unpopular. <ref> Historical Bush Approval Ratings from University of Minnesota [http://www.hist.umn.edu/~ruggles/Approval.htm] </ref> In 2007, he reached the lowest popularity levels of any president in history, with an approval rating of only 24% as shown by a [[Reuters]] poll.<ref>[http://www.reuters.com/article/topNews/idUSN1624620720071017?feedType=RSS&feedName=topNews&rpc=22&sp=true Voters unhappy with Bush and Congress], Reuters, October 17 2007</ref> | + | When President George W. Bush entered office, his popularity rating was near 50%. However, after the [[September 11]] attacks, his popularity rose significantly, reaching an all-time high of 90%.<ref>[http://blogs.usatoday.com/onpolitics/2007/07/usatgallup-po-1.html USAT Gallup Poll]</ref> Since, then, though, it declined as some of his policies including the [[Iraq War|war in Iraq]] have become unpopular. <ref> Historical Bush Approval Ratings from University of Minnesota [http://www.hist.umn.edu/~ruggles/Approval.htm] </ref> In 2007, he reached the lowest popularity levels of any president in history, with an approval rating of only 24% as shown by a [[Reuters]] poll (although respondents also expressed dissatisfaction with the [[Democrat]]-controlled [[Congress]], which received poll ratings of only 11%).<ref>[http://www.reuters.com/article/topNews/idUSN1624620720071017?feedType=RSS&feedName=topNews&rpc=22&sp=true Voters unhappy with Bush and Congress], Reuters, October 17 2007</ref> |