S.Amdt.507 to S.Con.Res.21110th Congress (2007-2008)
|Amends Bill:||S.Con.Res.21 — An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2008 and including the appropriate budgetary levels for fiscal years 2007 and 2009 through 2012.|
|Sponsor:||Sen. Kyl, Jon [R-AZ] (Submitted 03/21/2007, Proposed 03/21/2007)|
|Latest Action:||03/21/2007 Amendment SA 507 not agreed to in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 83.|
Purpose: S.Amdt. 507 — 110th Congress (2007-2008)All Information (Except Text)
To protect families, family farms and small businesses by raising the death tax exemption to $5 million and reducing the maximum death tax rate to no more than 35%, to extend college tuition deduction, to extend the student loan interest deduction, to extend the teacher classroom deduction, to protect senior citizens from higher taxes on their retirement income, to maintain U.S. financial market competitiveness, and to promote economic growth by extending the lower tax rates on dividends and capital gains.