Economic Stimulus. This bill (H R. 3090) would grant businesses and individuals $99.5 billion in federal tax cuts in fiscal 2002, and a total of $159.4 billion in reductions over 10 years. The bill would also accelerate reducing the 27 percent tax bracket to 25 percent, lower the capital gains tax rate from 20 percent to 18 percent, and eliminate the corporate alternative minimum tax.
The House passed H.R. 3090 on October 24, 2001 by a vote of 216 to 214 (Roll call 404). We have assigned pluses to the yeas.
