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Republicans agree on investor tax cuts
Republicans in Congress reached a five year 70 billion plan to extend tax breaks for investors and shield middle income families from the alternative minimum tax. The measure would extend the 15 percent rate on capital gains and dividends and pave the way for House approval and likely Senate action by week’s end. It preserves relief for 15 million AMT filers and includes tax breaks such as education tuition deduction and a teacher supply tax break with a research and development credit.
MENTIONED IN THIS ARTICLE
Washington
Congress
Bush
Treasury
John Snow
House
Senate
Ways and Means Committee
Bill Thomas
R-Calif
Iraq
GOP
Democrats
Senate Finance Committee
Charles Grassley
Iowa