Line Item Description of Tax Increases in the House of Representatives’ Budget

 

Line Item Description of Tax Increases in the House of Representatives\’ Budget

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

• AMT assumes a one-year patch for 2007and thereafter the patch is made permanent (not indexed), Source: JCT, CBO
• Refundable portions of child tax credt and EITC component of marriage penalty are considered spending.
• Total Relief is the tax cut permanency cost and the refundable spending combined. Taxpayers are set to lose $2.17 Trillion if tax cuts expire.
• Source: Office of Management and Budget, Joint Committee on Taxation, Congressional Budget Office, Americans for Tax Reform