What: All Issues : Fair Taxation : H Con Res 95. Fiscal 2004 Budget Resolution/Passage of a Bill Containing $726 Billion in Tax Cuts That Mainly Benefit Wealthy Individuals Which Would Reduce Federal Revenue and Likely Necessitate Cuts in Domestic Spending. (2003 house Roll Call 82)
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H Con Res 95. Fiscal 2004 Budget Resolution/Passage of a Bill Containing $726 Billion in Tax Cuts That Mainly Benefit Wealthy Individuals Which Would Reduce Federal Revenue and Likely Necessitate Cuts in Domestic Spending.
house Roll Call 82     Mar 20, 2003
Progressive Position:
Nay
Progressive Result:
Loss

The annual budget resolution is a blueprint for the coming year's taxing and spending. Though its outlines are fundamentally non-binding, there are procedural benefits to staying within the document's limits. The main feature of the Republican resolution for 2004 was the president's $726 billion tax cut, but it also made many earlier temporary tax cuts permanent, included cuts in spending outside of defense and homeland security, and set aside $400 billion for Medicare reform and a prescription drug benefit. Progressives--and Democrats generally--disliked passing a large tax cut in a time of war and disliked that the tax cut proposed was directed mainly at wealthy Americans. No Progressives supported the budget, only one Democrat voted for, and 12 Republicans voted against. This was almost enough to kill it, but it squeaked through on a 215-212 vote.

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