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

1 answer

Congress and the Bush administration responded to the 2001 recession by passing tax cuts. The primary legislative action was the Economic Growth and Tax Relief Reconciliation Act of 2001, which aimed to stimulate the economy by reducing individual income tax rates, increasing child tax credits, and gradually phasing out the estate tax. These measures were intended to boost consumer spending and investment, thereby helping to counteract the effects of the recession.