The Senate Bill calls for
- The Senate plan would also raise federal deposit insurance limits to $250,000 from $100,000,
- tax legislation — including a set of popular business tax breaks
- adding legislation to prevent more than 20 million middle-class taxpayers from feeling the bite of the alternative minimum tax
- It included AMT relief, $8 billion in tax relief for those hit by natural disasters in the Midwest, Texas and Louisiana, and some $78 billion in renewable energy incentives and extensions of expiring tax breaks. In a compromise worked out with Republicans, the bill does not pay for the AMT and disaster provisions but does have revenue offsets for part of the energy and extension measures.
"Revenue offsets" is doubletalk for "taxes."
- adding legislation to prevent more than 20 million middle-class taxpayers from feeling the bite of the alternative minimum tax
I like it!!
I have been searching for a link to the Senate Bill could you provide?
Your opinion on the Senate bill?