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Tax cuts are estimated to have totaled $2.8 trillion, which we guess would count as “trillions,” as the president put it. Strictly speaking, the two big tax cuts during the Bush years are estimated to total about $1.5 trillion, But many continued into the early years of the Obama presidency, and in December he cut a deal with Republicans to extend them even more, which brings us to $2.8 trillion.

From http://www.washingtonpost.com/blogs/fact-checker/post/revisi...

Yes, I think that counts as a major contributor. And, go back and look at the chart I already referenced for its long term contribution vs short term factors like the stimulus. One can hardly find the stimulus in that chart.
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