What: All Issues : Fair Taxation : More Equitable Distribution of Tax Burden : S. 1054. Tax Reductions/Vote to Reduce the Dividends Tax Cut for Wealthy Individuals and Provide Tax Breaks for Middle-Income U.S. Workers Residing Overseas. (2003 senate Roll Call 172)
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S. 1054. Tax Reductions/Vote to Reduce the Dividends Tax Cut for Wealthy Individuals and Provide Tax Breaks for Middle-Income U.S. Workers Residing Overseas.
senate Roll Call 172     May 15, 2003
Progressive Position:
Yea
Progressive Result:
Loss

During Senate debate on legislation to cut taxes, Senator John Breaux (D-LA) proposed an amendment which would have eliminated from the bill tax increases on overseas workers earning between $50,000 and $75,000. To offset the forgone revenue from the tax increase on those workers, the Breaux measure would have reduced the bill's total dividend tax exemption to a sixty-five percent exemption from 2004 to 2006. Progressives voted in favor of Breaux's amendment because they believed that providing tax breaks for middle income earners should take priority over tax breaks for wealthy individuals (the dividend tax exemption disproportionately benefits high-income taxpayers). The Breaux amendment was narrowly defeated on a vote of 49-51.

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