1、1 The revenue estimates are from: U.S. Congress, Joint Committee on Taxation, Estimated RevenueEffects of H.R. 3 (Washington: Feb. 28, 2001). For a description of H.R. 3, see: U.S. Congress, JointCommittee on Taxation, Description of the Economic Growth and Tax Relief Act of 2001, JCX-03-01(Washingt
2、on: Feb. 27, 2001), 7 pp.Congressional Research Service ? The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20835Updated March 12, 2001Tax-Cut Legislation: The Economic Growthand Tax Relief Act of 2001 (H.R. 3)David L. BrumbaughSpecialist in Public FinanceGovernm
3、ent and Finance DivisionSummaryOn March 8, 2001, the House of Representatives approved H.R. 3, the EconomicGrowth and Tax Relief Act of 2001. The bill provides a gradual reduction in thestatutory tax rates that apply to taxable income under the individual income tax. It alsoprovides that current law
4、s refundable child credit and earned income tax credits will notbe reduced by an individuals alternative minimum tax (AMT). H.R. 3s tax rate cut isalmost identical to that proposed by President Bush during the 2000 presidentialcampaign and as sent to Congress in February, 2001. One difference, howev
升级VIP 