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HR 2 - Jobs and Economic Growth bill - National Key Vote

Stage Details

See How Your Politicians Voted

Title: Jobs and Economic Growth bill

Vote Smart's Synopsis:

Vote to adopt a conference report that would provide $350 billion in order to supply tax breaks.

Highlights:

  • Accelerates the child tax credit to increase in 2003, instead of 2006.
  • $20 billion of the $350 billion would go towards state aid, including Medicaid.
  • Eases the marriage tax penalty by making the standard deduction for married couples twice that of a single filer through 2004.
  • Increases the expensing allowance for businesses from $25,000 to $100,000 for 2003 through 2005.

See How Your Politicians Voted

Title: Jobs and Economic Growth bill

Vote Smart's Synopsis:

Vote to adopt a conference report that would provide $350 billion in order to supply tax breaks.

Highlights:

  • Accelerates the child tax credit to increase in 2003, instead of 2006.
  • $20 billion of the $350 billion would go towards state aid, including Medicaid.
  • Eases the marriage tax penalty by making the standard deduction for married couples twice that of a single filer through 2004.
  • Increases the expensing allowance for businesses from $25,000 to $100,000 for 2003 through 2005.

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

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