President's Economic Growth and Jobs Creation Proposal
January 13, 2003
President's Economic Growth and Jobs Creation Proposal
(in billions)
Costs
| 2003 | 2003-12 |
| Accelerate all Rate Cuts to 2003 | $29 | $64 |
| Exclude all Stock Dividends From Taxable Income | 20 | 364 |
| Accelerate marriage penalty relief to 2003 | 19 | 58 |
| Accelerate Child Credit Increases to 2003 | 16 | 91 |
| Accelerate Expansion of 10% Bracket 5 48 |
| Increase Small Business Expensing Limit to $75,000 | 2 | 16 |
| Relief from the Alternative Minimum Tax | 8 | 29 |
| Personal Re-employment Accounts | 4 | 4 |
| Total | $102* | $674 |
*The White House later revised this estimate to $59 billion because the $102 billion includes money that taxpayers will see in the form of rebate checks after they file their income taxes next year.
|
