President George W.Bush's tax cut in 2001 was a rare example of

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The tax cut implemented by President George W. Bush in 2001 was an example of timely fiscal policy. Fiscal policy refers to the government's use of taxation and spending to influence the economy. In this case, the tax cut was designed to stimulate economic growth and encourage consumer spending. "Timely" refers to the fact that the policy was implemented relatively quickly in response to economic conditions at the time.