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Tax Increase Prevention and Reconciliation Act of 2005

From dKosopedia

The Tax Increase Prevention and Reconciliation Act of 2005 (H.R. 4279) enacted as law on May 17, 2006.

Part of the cost of the tax cuts are paid for with "revenue offsets". These include:

In all the tax cuts cost about $70 billion, mostly in the years 2006 to 2010. About 80 percent of the tax savings would flow to the top 10 percent of taxpayers and that almost a fifth of the benefits will go to the top one-tenth of 1 percent [1].

Retrieved from "http://localhost../../../t/a/x/Tax_Increase_Prevention_and_Reconciliation_Act_of_2005_dd52.html"

This page was last modified 23:42, 17 May 2006 by dKosopedia user Allamakee Democrat. Based on work by Andrew Oh-Willeke. Content is available under the terms of the GNU Free Documentation License.


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