Chairman Baucus Tax Relief
($21billion - FY02)

• Depreciation - 10% increased expensing for capital assets and software in next 12 months ($14b)
• Increase Section 179 expensing to $35,000 for 12 months ($1b)
• Five-year carryback of NOL next 12 months ($4b)
• Extend all expiring provisions ($1b)
• Not Addressed
  Not Addressed
  Not Addressed
  Not Addressed
  Not Addressed
  Not Addressed

Chairman Thomas Spending
($14 billion- FY02)

• Low-Income rebate checks ($14b)
• Distribute $9 billion in Unemployment Trust Funds to states for UI benefits and expanded coverage (no cost)
• Social Services Block Grant for health care coverage ($3 billion)

Chairman Baucus Spending
($49 billion - FY02)

• Low-Income rebate checks ($14b)
• Expanded unemployment benefits for 13 weeks and increase all individual UI benefit checks by $65 ($16b)
• Additional COBRA health care coverage; 50% subsidy for the purchase of additional insurance ($17b)
• Agricultural assistance ($2b)

Chairman Thomas Tax Relief
($85 billion - FY02)

• Depreciation - 30% increased expensing for capital assets and software in next 36 months ($39b)
• Increase Section 179 expensing to $35,000 for 24 months ($1b)
• Five-year carryback of NOL next 36 months ($4.7b)
• One- and two-year extensions ($210m)
  · Simplify capital gains structure ($535m)
• Repeal corporate AMT and refund credits ($25b)
• Accelerate income tax rates ($12b)
• Subpart F deferral on multinational income ($260m)
• 15-year life for leasehold improvements ($75m)
• Increase deduction of individual's capital losses ($840m)