the bibartisan compromise

THE BIPARTISAN COMPROMISE
ON TAXES, UNEMPLOYMENT BENEFITS, AND JOBS
COMPOSITION OF THE AGREEMENT
53.1% Middle-class tax cuts and the
     Alternative Minimum Tax
13.5% Payroll tax holiday
13.2%
6.6%
6.2%
4.2%
3.3%
5
Republican-backed tax cuts for
the wealthiest Americans1
Tax-cut extensions such as the
business R&D tax credit
Unemployment benefits
Tax credits for working families2
Business investment incentives3
THINGS YOU SHOULD KNOW ABOUT THE BIPARTISAN COMPROMISE ON TAXES
1
It’s estimated that the tax-cut compromise would
create or save 2.2 million jobs..
155 million workers would receive a payroll tax cut.
2 More than
3 An estimated
4 2.4 million Americans, including 1.2 million children, would be
 kept from falling below the poverty line.
5 The American Opportunity Tax Credit would help more than
7 million Americans would be able to continue to rely on
unemployment benefits while they look for work.
More than
families
1
8 million students
and their
afford the cost of college.
Includes the added cost of the Lincoln-Kyl estate tax proposal relative to maintaining the estate tax at 2009 levels. 2 Includes a two-year
extension of the 2009 improvements to the Child Tax Credit, the Earned Income Tax Credit, and the American Opportunity Tax Credit to help
families pay for college. 3 This is the net cost over 10 years. Source: CBPP calculations based on JCT estimates
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THIS COMMUNICATION IS NOT AUTHORIZED BY ANY CANDIDATE OR CANDIDATE’S COMMITTEE.
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