Information about the vote from special interest groups and other information providers in our Report Cards:
Family Research Council
H.R. 1836--Economic Growth and Tax Relief Reconciliation Act.
The House passed the conference report for H.R. 1836, the Bush tax-relief plan, which included marriage tax relief, marginal rate cuts, death tax repeal, a doubling of the per-child tax credit, an expansion of the adoption tax credit, and expansion of education savings accounts.AFL-CIO
TAX RECONCILIATION/MILLIONAIRE TAX CUT.
Conference Report on H.R. 1836—President Bush’s millionaire tax cut received its final House approval with the passage of the conference report on the fiscal year 2002 tax reconciliation bill. The legislation uses $1.74 trillion of the projected budget surpluses over the next 10 years to pay for tax cuts that primarily would benefit the wealthy ($1.35 trillion for the tax cuts themselves and $390 billion for additional interest payments on the federal debt that these tax cuts would require).
According to Citizens for Tax Justice, more than 38 percent of the tax cut benefits will go to the wealthiest 1 percent of taxpayers, who make $373,000 or more annually. Spending most of the projected budget surpluses to pay for tax cuts makes it virtually impossible for future sessions of Congress to strengthen Social Security and Medicare, add a prescription drug benefit to Medicare and make needed investments in education and health care. This legislation however, did improve section 415 of the tax code to fix retirement rules capping multiemployer plan benefits.The conference report passed.
Americans for Democratic Action
HR 1836. Tax Cut Reconciliation Bill.
Adoption of the conference report on the bill to reduce taxes by $1.35 trillion through fiscal 2011 via income tax rate cuts, relief of the “marriage penalty,” phaseout of the federal estate tax, doubling of the child tax credit, and new incentives for retirement savings. A new 10 percent tax rate would be created retroactive to January 1. The bill would: double the $500-per-child tax credit by 2010 and make it refundable; raise the estate tax exemption to $1 million in 2002 and repeal the tax in 2010; increase the standard deduction for married couples to double that of singles over five years, beginning in 2005; and increase annual contributions limits for Individual Retirement Accounts. The bill’s provisions would expire December 31, 2010. Adopted.Concord Coalition
Tax Cut Reconciliation Bill - Final Passage of Conference Report.
The bill would reduce taxes by $1.35 trillion over ten years. Included in the bill are income tax rate cuts, marriage penalty relief, repeal of the estate tax, doubling of the child tax credit, and increased retirement incentives. All provisions expire on December 31, 2010.
At a press conference in March 2001, this group warned that it is unwise to rely on surplus projections to commit ourselves to a series of large escalating tax reductions over a 10-year period, particularly in advance of addressing the huge and daunting future deficits of Social Security and Medicare. The vote was on final passage of the conference report. The conference report was adopted.
Christian Coalition
Economic Growth and Tax Relief Reconciliation Act.
The House agreed to the conference report on H.R. 1836, to provide for reconciliation pursuant to section 104 of the concurrent resolution on the budget for fiscal year 2002.National Federation of Independent Business
Tax Cut Reconciliation Conference Report.
Sponsored by Rep. Bill Thomas, R-Calif., the
bill would reduce taxes by $1.35 trillion
through 2010 with cuts in income tax rates
and a phase-out and eventual repeal of the
death tax. A new 10 percent tax rate would be
created retroactive to Jan. 1, 2001, and taxpayers
would receive rebate checks this year of
$300 for singles and $600 for couples.
The
death tax exemption would go to $1 million in
2002 with exemptions rising and rates going
down until full repeal in 2010.
Citizens Against Government Waste
H.R. 1836: Tax Cut Reconciliation - Conference Report.
The House agreed to reduce taxes by $1.35 trillion through 2010.National Hispanic Leadership
Economic Growth and Tax Relief Reconciliation Act, H.R. 1836 Conference Report.
Sponsored by Representative Bill Thomas (R-CA). The bill was a $1.35 trillion package that provided tax relief for individuals. Some provisions of the bill included
a reduction in individual tax brackets, a phase-out of the estate tax, a one-time tax rebate for all taxpayers who met an income requirement, a partially refundable
child tax credit, and an expansion of benefits under the Earned Income Tax Credit (EITC) for married couples who are both working. While the latter two provisions
provided needed relief to many Hispanic working families, group members believe the bill was unfairly skewed toward wealthier individuals while leaving out thousands of low-income Latino families. Bill passed.American Federation of State, County, and Municipal Employees
Tax Cuts for the Wealthy.
The House of Representatives approved legislation (H.R. 1836) which calls for reducing taxes by $1.35 trillion over the next 10 years by reducing tax rates, providing relief from the "marriage penalty", and phasing out the estate tax. The bulk of the tax breaks would go overwhelmingly to the super rich without providing adequate tax relief for average taxpayers as well as to result in crowding out adequate funding for domestic spending needs. AFSCME opposed the legislation, which passed the House.Eagle Forum
Economic Growth and Tax Relief Reconciliation Act.
Passage of the Economic Growth and Tax Relief Reconciliation Act (H.R. 1836), which provides tax cuts for every taxpayer. Bill passed the House.