Across-the-Board Tax Rate Reductions - Enacted
Provides immediate tax relief through permanent reduction of individual income tax rates. No one, no matter their income, should send more than one-third of their income to the IRS in taxes. This legislation gives back some of what you overpaid to the government so you can get a new washer and dryer, or get your children new school clothes, or even pay some of the college tuition or car bills that cost so much nowadays
Marriage Penalty Repeal Enacted
It stops the unfair tax that couples pay just for saying, I do. This is a common-sense plan to strengthen families and secure our childrens future.
Death Tax Repeal Enacted
No one should be forced to visit the undertaker and the IRS all in the same day. Repeal of the death tax will lift an especially unfair burden from family farms and small businesses so that they can also share in the American dream.
Doubling the Child Tax Credit to $1000 Enacted
Under this plan, a family of four would get an additional $1,000 in tax relief to spend or save however they wish; for new clothes, college savings, or a host of other items in a family budget.
IRA Contribution Limit Increase to $5,000 Enacted
Allows Americans to set more aside in an IRA or 401(k)-type plan, modernizes pension laws and provides regulatory relief to encourage more small businesses to offer retirement plans
401K Contribution Limit Increase to $15,000 Enacted
The limit on salary reduction contributions to 401(k)-type plans would be increased to $15,000 by 2006; and the limit on an employers deduction for contributions to certain types of defined contribution plans would be raised to 20% of compensation.
$2,000 Education Savings Accounts for K-12 Public and Private Education Enacted
Allows parents to invest up to $2,000 annually in ESAs (from the current limit of $500) and permits tax-free withdrawals from ESAs to pay for both college tuition and K-12 education expenses.
$10,000 Adoption Tax Credit Enacted
Increases the adoption tax credit to $10,000 for all adoptions and increases the employer adoption assistance exclusion to $10,000.
Faith-Based Initiative House passed
Will stimulate charitable giving and allow community and religious groups to better help the poor and the needy. The Community Solutions Act will help fight addiction, poverty, homelessness, hunger and other ills and vices that hurt the downtrodden each and every day.
Balanced Energy Plan House passed
The SAFE Act is a forward-looking initiative. It is a balanced and tempered approach to meet our energy needs, lessen our dependence on foreign oil and OPEC and promote conservation measures. This bill has real solutions to our energy problems. This is an energy bill that will provide clean, affordable and available energy to all Americans.
Reducing the debt $2.4 trillion by 2011 House passed
After 30 years of deficit spending, Republicans in Congress balanced the budget, devoted 100% of the Social Security and Medicare funds to retirement security, and have started to pay down the national debt. There is no going back. Republicans in Congress have paid off a record $625 billion of public debt since 1998.
Education Reform House passed
HR 1, No Child Left Behind, improves education for every child in America by holding schools accountable to parents, providing states and local school districts with unprecedented new flexibility, and giving new choices to parents.
Bankruptcy Reform House passed
Overhauls the U.S. Bankruptcy Code to require debtors with the ability to repay some or all of their debt to do so. BanUnder this bipartisan effort, people with real need will get a fresh start and the burden placed upon the shoulders of American families will be reduced.kruptcies cost American taxpayers billions of dollars each year.
Overturned Burdensome Clinton Ergo Regulations Enacted
Overturns a Clinton Administration policy that would have mandated burdensome workplace regulations, or so-called ergonomics rules involving repetitive stress injuries. Billions of dollars in compliance funding would have been passed on in higher prices and layoffs if the ergonomics rules were to be implemented.
Unborn Victims of Violence Act House passed
Under the bill, criminals who commit an already defined federal crime of violence against a pregnant woman can be charged with a second offense on behalf of the second victim, the unborn child.
Veterans Hospital Emergency Repair Act House passed
Provides immediate funding to address some of the VAs most pressing needs by providing $550 million over two years for construction projects to repair, rebuild or upgrade dilapidated medical facilities.
Veterans Opportunities Act House passed
Targets additional funding and assistance to veterans and their survivors most in need, such as disabled veterans who require specifically adaptive housing or automobiles.
Small Business Paperwork Relief Act House passed
Aims to reduce government red tape by taking steps to lessen the paperwork burden for small businesses without compromising safety and health protections.