Both houses of Congress reached final agreement on a $70 billion package of tax cuts that will be spread over the next five years.
The agreement will extend President Bush's tax cuts on capital gains and dividends for two years and avoid more than an estimated 15 million middle-income taxpayers from getting hit by the alternative minimum tax. Both the Senate and House expect to have the bill to the president by the end of the week.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access