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February 27, 2007

House Activity Summary: Small Business Tax Relief Act

H.R. 976 Passed 360-45

House Debate: About the "revenue-neutral" tax bill, Rep. Garrett said, "Mr. Speaker, as I sit here and read the bill, I consider it a riddle: When is a tax cut not a tax cut? When it really raises your taxes in the end? This legislation, as many tax bills, is masquerading as a tax cut, when at the end of the day citizens of this country will see their taxes rise."

White House Urges More Tax Breaks to Cushion Minimum Wage Hike
The White House weighed in today with tepid support for a $1.3 billion package of small-business tax breaks the House plans to pass this week.

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