The Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003 accelerated the tax cuts introduced in the 2001 plan, increased tax rates on capital gains and dividends, and introduced a child tax credit for parents.

Question

Quizplus · Accepted Answer

The Jobs and Growth Tax Relief Reconciliation Act of 2003 actually reduced tax rates on capital gains and dividends and did accelerate some aspects of the 2001 tax cuts, including an increase in the child tax credit, but it did not increase tax rates on capital gains and dividends.