Wednesday, January 28, 2009
The Senate Finance Committee yesterday approved the economic stimulus legislation (S. 1) 14-9 after adding a one-year AMT patch costing $70 billion, bringing the tax portion of the bill to $342 billion. The patch would increase the exemptions from $46,200 to $46,700 for individuals and from $69,950 to $70,950 for couples.
- Senate Finance Committtee, Press Release
- Joint Committee on Taxation, Description of Chairman's Mark (JCX 12-09)
- Joint Committee on Taxation, Revenue Estimate of Chairman's Mark (JCX 13-09)
- Associated Press, Senate Panel Adds Big Tax Break to Stimulus