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Working Families Tax Relief Act of 2004

From dKosopedia

The Working Families Tax Relief Act of 2004 ( P.L. 108-311) was signed into law on Oct. 4, 2004.

This extended a number of the "middle class" provisions of the Bush tax cuts (an increased per child tax credit, "marriage penalty" relief, etc.), established a semi-uniform definition of "qualifying child" for various middle to low income tax breaks, extended a number of perennially extended business tax breaks, added some new tax benefits for military personnel, and contained other more technical provisions.

It represented a compromise between Republicans who wanted to make all of the Bush tax cuts permanent, and Democrats who are honoring Presidential candidate Kerry's commitment to retain tax cuts for those making under $200,000 a year.

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This page was last modified 19:53, 2 July 2006 by Chad Lupkes. Based on work by Andrew Oh-Willeke. Content is available under the terms of the GNU Free Documentation License.

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