Finance Committee Report - The Baucus Budget Amendment: Tax Cuts For Families, Homeowners, & Soldiers
THE BAUCUS BUDGET AMENDMENT:
TAX CUTS FOR FAMILIES, HOMEOWNERS, & SOLDIERS
The U.S. Senate is preparing to vote on a budget resolution that will help to restore America’s economy and put the right priorities front and center in a fiscally responsible way. Senate Finance Committee Chairman Max Baucus (D-Mont.) is leading the effort to maximize the budget’s help to America’s working families over the next five years. A proposed Baucus amendment will use surplus funds in the Senate budget to provide tax cuts to every American taxpayer.
The amendment includes:
- Permanent extensions of 2001 tax cuts that help working families
- A new standard property tax deduction available to any American homeowner
- Billions of dollars in tax relief for America’s military men and women
- Protection from unexpected tax bills for Gulf Coast hurricane survivors
Turning surplus budget dollars into tax relief for American families is the right thing to do.
Download the printer-friendly version of this release to view a report from the Senate Finance Committee that explains who will benefit from the Baucus amendment, and how – all the reasons why America’s families need this measure.
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