Information about the vote from special interest groups and other information providers in our Report Cards:
U.S. Chamber of Commerce
Tax Relief Extension—H.R. 4297.
The Senate passed an earlier version of H.R. 4297. While this version included a number of provisions with which this group took issue, its passage was crucial to the final enactment of the legislation.National Catholic Social Justice Lobby
Tax Relief Extension Reconciliation Act of 2005.
Senate passed H.R. 4297, to provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006.Children's Defense Fund Action Council
Senate's Tax Cuts for the Wealthy, H.R. 4297.
The Senate approved an additional $70 billion in tax breaks that mostly benefit higher income households and increased the federal deficit. The bill included provisions exempting certain households with incomes between $100,000 and $500,000 from paying the Alternative Minimum Tax.
The Senate’s $70 billion tax cut widened the gap between rich and poor and eliminated revenues needed for crucial children and family investments, which the Senate had cut earlier by $39 billion. In addition, it enabled passage of the fiscal year 2006 Tax Reconciliation bill, which finalized these tax cuts for the wealthy. Seventy billion dollars would guarantee funding to cover all uninsured children for almost five years.
BIPAC
H.R.4297, On Passage of the Bill.
Passage of this tax measure extended tax cuts that would otherwise have expired. Business groups and individual taxpayers enjoyed a number of reductions.