Information about the vote from special interest groups and other information providers in our Report Cards:
Associated Builders and Contractors
Tax Increase Prevention and Reconciliation Act of 2005.
To provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006.American Conservative Union
Tax Relief Act of 2005.
Senate agreed to the conference report to accompany H.R. 4297, to provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006, clearing the measure for the President.AFL-CIO
BUDGET RECONCILIATION.
Congress adjourned in December without passing the fiscal year 2006 budget reconciliation bill that contained President Bush’s fifth round of tax cuts for the rich. By May, however, the Republican leadership had lined up enough support to pass a $70 billion tax cut. Nearly half of the benefits in H.R. 4297 would help households with incomes of more than $1 million, and 55 percent of the benefits goes to the 3 percent of households with incomes above $200,000. Contrary to Bush administration claims that the bill benefits middle-income tax payers, the three-quarters of U.S. households with incomes below $75,000 would receive just 5 per cent of the tax benefits, and 68 percent of U.S. households would receive no tax benefits at all. The bill was passed.Americans for Democratic Action
HR 4297. Tax Reconciliation.
Adoption of the conference report on a bill to extend about $70 billion in tax cuts over a five-year period: cuts in the capital gains and dividends tax rate through 2010, allowing small businesses to write off up to $100,000 in depreciable assets in the year they are made through 2009, extending and increasing alternative minimum tax exemptions for 2006 of $62,550 for a joint return, $42,500 for individuals, and $31,275 for married individuals filing separately.U.S. Chamber of Commerce
Tax Relief Extension—H.R. 4297.
In May, the Senate agreed to the conference report for H.R. 4297, the Tax Increase Prevention and Reconciliation Act. This legislation extends several important tax measures, including dividend and capital gains tax relief, alternative minimum tax relief, and enhanced small business asset expensing.
The permanent tax increases included in the conference report will reduce the benefits of these important tax cuts and will dilute the economic growth and job creation encouraged by reductions in other parts of this legislation.Citizens Against Government Waste
Tax Reconciliation - Conference Report.
The Senate adopted the conference report on the bill that would extend about $70 billion in tax cuts over a five-year period, including extending the tax rates on capital gains and dividends through 2010.American Federation of State, County, and Municipal Employees
$70 Billion More in Tax Cuts for the Wealthy.
The Senate approved a conference report to a
tax bill (H.R. 4297) that would extend about
$70 billion in tax cuts over a five-year period.
These tax breaks include reduced tax rates
on capital gains and dividends and increased
business write-offs, which mainly benefit
the wealthy and businesses. Although the
administration claims that the tax reductions
help middle-income taxpayers, the truth is that
just 5 percent of the benefits go to families with
incomes below $75,000, with 68 percent of
working families receiving no tax benefits at all.Children's Defense Fund Action Council
Congress's Tax Cuts for the Wealthy, H.R. 4297.
The Senate adopted the conference report for the fiscal year 2006 Tax Reconciliation bill with $70 billion in tax cuts over five years including reducing tax rates on capital gains and dividends. Nearly half of these tax cuts will go to households with annual incomes over $1 million. The Urban Institute-Brookings Tax Policy Center says this bill will provide no tax cut for almost 70 percent of American households, an average tax cut of $20 for middle-income households, and an average tax cut of $42,000 for millionaires. At a time of war and increasing numbers of uninsured and poor children, this vote hurt children.Eagle Forum
Tax Increase Prevention and Reconciliation Act of 2005.
Passage of the Tax Increase Prevention and Reconciliation Act of 2005 (H.R. 4297), which extends the tax cuts from President Bush's first term through the end of the decade.Americans for Tax Reform
Tax Relief Act of 2005.
Senate agreed to the conference report to accompany H.R. 4297, to provide for reconciliation pursuant to section 201(b) of the concurrent resolution on the budget for fiscal year 2006, clearing the measure for the President.Alliance for Retired Americans
Skewed Tax Cuts.
The Senate passed a tax bill that provides $70 billion in tax cuts to the wealthiest Americans. The legislation extends tax cuts and threatens the financial stability of the Social
Security and Medicare systems. The Senate passed the bill.The Club for Growth
HR 4297 - Extend Tax Cuts.
Vote of a bill that would extend about $70 billion in tax cuts over a five-year period. Tax cuts promote economic growth. The bill passed.