Congress and the Bush administration responded to the 2001 recession by passing tax .

Answer 1

In response to the 2001 recession, Congress and the Bush administration implemented a series of tax cuts aimed at stimulating the economy. The most notable piece of legislation was the Economic Growth and Tax Relief Reconciliation Act of 2001, which included reductions in individual income tax rates, an increase in the child tax credit, and the gradual elimination of the estate tax. These tax cuts were designed to encourage consumer spending and investment, in an effort to boost economic growth during the recessionary period that followed the bursting of the dot-com bubble.