CALVERT VOTES TO PREVENT TAX INCREASES
Congressman Ken Calvert voted today in support of a bill to prevent tax increases on small business owners, seniors, and families. The Conference Report on H.R. 4297, the Tax Increase Prevention and Reconciliation Act of 2005, extends alternative minimum tax relief, the increased limit on small business expensing, and the low rates on capital gains and dividends. House of Representatives voted 244 to 185 to approve the Conference Report.
"This important legislation will help spur continued economic growth. While Republicans are extending tax relief to millions of American small business owners, families, and seniors, Democrats continue to stand for increased taxation and growth-stifling regulation. As America continues to enjoy unparalleled economic growth, it is important to extend the tax relief that helped drive that economic growth in the first place. This tax relief measure will assist seniors living off dividends, small business owners who will be able to write off business expenses, and working families currently burdened by unnecessary taxation" said Calvert.