Jobs And Growth Tax Relief Reconciliation Act of 2003 - JGTRRA

The go-go 1990s crashed and burned in the collapse of the dot-com bubble and the recession of 2001. These economic trouble were exacerbated by 9/11.

In response, Congress and the Bush Administration passed JGTRRA (we suggest you pronounce that "jag-terra," but use your best judgment).

The bill was meant to stimulate the economy by encouraging investment in the stock market. It also had the goal of incentivizing companies to pay dividends. The legislation pursued these objectives by lowering tax rates on dividends and capital gains.

Together with the Economic Growth and Tax Relief Reconciliation Act, passed in 2001, JGTRRA was part of what collectively became known as the "Bush tax cuts." Originally, these tax cuts had sunset provisions (they were set to expire at some point), though key aspects were eventually extended.