Extending Tax Cuts. The final version (conference report) of this tax-cut legislation (H.R. 1308) would benefit most Americans by extending the life of several middle-class tax breaks set to expire at the end of this year. It would extend provisions providing relief from the "marriage penalty" through 2008, extend the $1,000 per child income tax credit through 2009, and keep a greater number of taxpayers in the 10 percent income tax bracket through 2010. It would also revive some expired business tax incentives.
The Senate adopted the conference report on H.R. 1308 on September 23, 2004 by a vote of 92 to 3 (Roll Call 188). We have assigned pluses to the yeas because the bill would extend the life of tax cuts, benefiting a large number of Americans.
