H.R. 2734

Tax Increase Prevention Act of 2007

Introduced:
06.14.2007 [House]
A vote on this bill is still pending. Further analysis may be available when the bill comes to a vote.
The Legislation: 

Tax Increase Prevention Act makes the tax cuts enacted in 2001 and 2003 permanent. These tax cuts have produced few of the promised economic benefits. Since the cuts disproportionately benefit the wealthiest Americans, reauthorizing them pushes more of the responsibility for funding needed public services onto middle-class families, not to mention supporting a state of economic inequality rejected by most Americans. Making the tax cuts permanent also threatens the nation’s long-term fiscal outlook. For these reasons the bill would be harmful to the American middle class.

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