Popular in Congress and American Politics
Popular in Social Sciences
This 1 page Class Notes was uploaded by Stephanie Elliott on Thursday October 8, 2015. The Class Notes belongs to POL407 at a university taught by Elizabeth Palmer in Fall. Since its upload, it has received 77 views.
Reviews for Tax Cuts
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 10/08/15
11212014 Tax Cuts o 2001 before 911 0 jim jefferts left the republican party become an independent caucus with the democrats 0 they would then control the chamber changes from republican to democrat o wasn t going to switch parties until the tax cut bill became law 0 got 135 billion by May 0 had sunsets o if you went to 11 years in the counting every thing comes to accumulate o debt became huge o sunsetted the bill after 10 years didn t truly occur in practice 0 Obama renewed the tax cuts most of them 0 2003 0 economy is in a very bad place 0 Bush proposes a tax cut Cut the amount of money that you are taxed on capital gains stock market etc Wanted 760 billion to do it a House approved 550 billion a Senate cut it to 350 billion dollars a Conference max of 550 min of 350 0 Middle controlled what was going on middle does not exist anymore scoring 0 if this bill were to be enacted this is how much it would cost bring into the treasury the nancial obligations of any proposal 0 10 year time frame rule 14 you can bypass committee action reconciliation prohibits libusters o no limiting of germane amendments 0 can keep this process going as long as you want to 0 not part of debate time
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'