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Tax Relief

Tax Relief

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by Tracie K. Henderson
On June 7, 2001, a 10-year $1.35 trillion tax bill was signed into law by President Bush. The widely publicized Economic Growth and Tax Relief Reconciliation Act of 2001 (hereinafter ?the Act?) is the largest tax cut approved by Congress in 20 years and most of these tax benefits are targeted toward individual taxpayers. The tax benefits of the Act are significant and include the following: