Calvert Attends Signing of Tax Increase Prevention Act

CALVERT ATTENDS SIGNING OF TAX INCREASE PREVENTION ACT

WASHINGTON - Congressman Ken Calvert attended today's signing ceremony for 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. The bill was signed into law today in a ceremony at the White House.

"This bill will help spur continued economic growth. Republicans are extending tax relief to millions of American small business owners, families, and seniors. This tax relief measure prevents increased taxation and fights growth-stifling regulation. It is the economic decisions of millions of Americans who are allowed to keep more of their hard - earned money which makes America a land of plenty. As America continues to enjoy unparalleled economic growth, it is important to extend the tax relief to continue economic expansion. Tax relief 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.

http://calvert.house.gov/pressreleases.asp?ARTICLE4024=11599