The Economic Growth and Tax Relief Reconciliation Act of 2001 lowered personal tax brackets and gradually phased out social insurance taxes.

Name: The Economic Growth and Tax Relief Reconciliation Act of 2001 lowered personal tax brackets and gradually phased out social insurance taxes.
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The Economic Growth and Tax Relief Reconciliation Act of 2001 primarily focused on lowering personal income tax rates and did not phase out social insurance taxes such as Social Security and Medicare taxes.