S Amdt 2616 - Earned Income Tax Credit Amendment - National Key Vote

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Title: Earned Income Tax Credit Amendment

Vote Smart's Synopsis:

Vote on a motion to waive the Budget Act in order to adopt an amendment that increases the deduction or credit that married couples filing joint tax returns can qualify for by $3,000 in 2005 instead of the proposed 2007 start date.

Highlights:

  • Extends the option to include combat pay in earned income from 2006 through 2008.
  • Modifies the effective dates of leasing provisions of the American Jobs Creation Act to include leases entered into before March 12, 2004.

NOTE: A MOTION TO WAIVE THE BUDGET ACT, IF ADOPTED, TEMPORARILY SETS ASIDE A SPECIFIC PROVISION OF THE BUDGET ACT OF 1974 SO THAT AN AMENDMENT THAT VIOLATES THE ACT MAY BE CONSIDERED. A 3/5 MAJORITY IS REQUIRED FOR ADOPTION.

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