Tax Relief for Working Families

Kat — Thu, 06 Nov 2008 09:58:12 -0700

Tax Relief for Working Families

Chet has voted for 60 major tax cuts in Congress, totaling over $4 trillion.

Some of the tax cuts Chet voted for include:

A permanent repeal of the unfair Death Tax,
Small business tax cuts to spur research and development,
Work Opportunity Tax Credit,
State Sales Tax Deduction
Relief from the Alternative Minimum Tax,
A permanent repeal of the Marriage Penalty Tax,
Tax cuts for middle class families,
Reduction of capital gains taxes,
Elimination of capital gains taxes on the sale of a home when the appreciation was less than $500,000 and
Faster depreciation on capital purchases for small businesses.
Chet also introduced legislation to stop the IRS from letting accountants sell a person's tax returns and private financial information to marketing companies and data brokers.

House Approves Economic Recovery Plan

econnor — Tue, 29 Jan 2008 12:11:31 -0700

January 29, 2008

House Approves Economic Recovery Plan

KWTX TV Waco

The House has overwhelmingly passed a $146 billion stimulus package that would speed rebates to most taxpayers. The plan was approved 385-35, after little debate.

It would send rebates of between $600 and $1,200 to anyone with at least $3,000 in income. Congressional leaders want to send the measure to President Bush by Feb. 15, but the bill faces a murky future in the Senate.

There, both Democrats and Republicans want a larger package that includes billions of dollars for senior citizens and the unemployed. The Senate plan would also send checks to the richest taxpayers, who wouldn't get rebates under the House version of the bill. The divergent plans could slow passage of the bill.

Some lawmakers from both parties are calling for the House version to be passed in the Senate and sent directly to President Bush, saying that delays could hinder the bipartisan agreement.

Rep. John Carter, R-Round Rock, praised the measure. “This stimulus package gives our economy the quick jolt it needs by putting money directly back into the hands of the American people and giving small businesses critical tax cuts that create incentives for new jobs,” Carter said.

Rep. Chet Edwards, D-Waco, also voted for the package. “This stimulus package, if passed into law quickly, could provide a much-needed boost to hard-working families and to our struggling national economy. It is an example of bipartisanship at its best, and I hope the Senate will move forward in the same spirit of good faith compromise for the good of our country,” Edwards said.

Chet Edwards For Congress - Tax Relief for Working Families

Tax Relief for Working Families

House Approves Economic Recovery Plan