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S Amdt 2735 - Tax Rate Extension Amendment - National Key Vote

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Title: Tax Rate Extension Amendment

Vote Smart's Synopsis:

Vote on a motion to waive the Budget Act in order to adopt an amendment that authorizes $21.9 billion for the Department of Veterans Affairs and offsets the cost through changes made to tax rates on capital gains and dividends.

Highlights:

  • Appropriates $14 billion for the Veterans Benefits Administration for Compensation and Pensions for the years of 2006 through 2010.
  • Appropriates $6.9 billion to the Department of Veterans Affairs for the Veterans Health Administration for Medical Care between the years 2006 through 2010.
  • Appropriates $1 billion for the establishment of the Veterans Hospital Improvement Fund.
  • Modifies tax rates on capital gains and dividends.

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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