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Tax cuts pass for upper income taxpayers in House vote
The House approved a 70 billion dollar five year tax relief package aimed at investors and the alternative minimum tax benefiting 15 million taxpayers. The bill extends reduced capital gains rates and dividends for two years and would broaden AMT relief to shield upper middle income families. Republicans tout growth while Democrats warn of deficits and benefits skewed to wealthy investors.
MENTIONED IN THIS ARTICLE
Washington
House
Bush
Capitol Hill
Senate
Dennis Hastert
The
Urban Institute
Brookings Institution
Republican Party
U.S
Jim McDermott
D-Wash
America
Richard Neal
D-Mass
Wall Street
Main Street
Senate Democrats
Roth
Treasury
Nancy Conn