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"Americans spend too much time working for the federal government’s budget rather than for the benefit of their own family budget. I will continue to work for a friendlier environment for the American taxpayer. An environment where they are free to save more for their children, their future, and be better equipped to work for, and hold on to, the American Dream.”
During a visit to Iowa on Monday, President Bush signed into law H.R. 1308, the Working Families Tax Relief Act of 2004, which extends key tax relief set to expire next year. Congressman Latham supported the measure as it passed the House of Representatives in late September. With the new law, a family of four with an income of $40,000 will save more than $900 on their taxes next year. Overall, 94 million Americans will have a lower tax bill next year, including 70 million women and 38 million families with children. This legislation:
If Congress had not acted when it did, failure to extend these tax cuts permanently would have raised taxes on American taxpayers in future years:
ADDITIONAL INFORMATION: - Congressman Latham named "Hero of the Taxpayer" by taxpayer advocacy group. - Congressman Latham votes to avert major tax hike in 2005 on Iowans.
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