Vote number 2003-196 $350 billion in tax breaks over 11 years
on May 23, 2003 regarding bill HR.2
Results: Bill passed 50-50; VP decided Yes

H.R. 2 Conference Report; Jobs and Growth Tax Relief Reconciliation Act of 2003. Vote to adopt the conference report on the bill that would make available $350 billion in tax breaks over 11 years. It would provide $20 billion in state aid that consists of $10 billion for Medicaid and $10 billion to be used at states' judgment. The agreement contains a new top tax rate of 15 percent on capital gains and dividends through 2007 (5 percent for lower-income taxpayers in 2007 and no tax in 2008). Income tax cuts enacted in 2001 and planned to take effect in 2006 would be accelerated. The child tax credit would be raised to $1,000 through 2004. The standard deduction for married couples would be double that for a single filer through 2004. Tax breaks for businesses would include expanding the deduction that small businesses could take on investments to $100,000 through 2005.

Categorized under Tax Reform

Voting NO counts for 2 points on VoteMatch question 11:
Make taxes more progressive;
Voting YES counts for -2 points on VoteMatch question 11.

Voting YES counts as answer A on AmericansElect question 1;
Voting NO counts as answer D on AmericansElect question 1

• A: Cutting existing programs
• B: More spending cuts than tax increases (mix of both solutions)
• C: More tax increases than spending cuts (mix of both solutions)
• D: Raising Taxes
• E: Unsure