Number: RL31904 Title: The Jobs and Growth Tax Act (H.R. 2): A Brief Overview of the House Tax-Cut Bill Authors: David L. Brumbaugh, Government and Finance Division Abstract: On May 6, the House Committee on Ways and Means approved H.R. 2, the Jobs and Growth Tax Act of 2002. The Committee bill proposed cutting taxes by an estimated $550 billion over FY2003-FY2013. The full House approved the measure on May 9. This report provides descriptions of the bills principal provisions. Pages: 8 Date: Updated May 12, 2003