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| House Pension Bill Would Make Some 2001 Tax Cuts Permanent for the First Time Center on Budget and Policy Priorities  [Opinion] Dec. 15, 2005 Excerpt: The bill's tax provisions also contain a serious inequity. They would fully protect the generous pension tax cuts for higher-income taxpayers enacted in 2001 from the effects of inflation over time, while allowing inflation to erode severely the one significant retirement tax benefit enacted in 2001 for lower- and moderate-income taxpayers. By 2015, a significant portion of this retirement tax benefit for lower- and moderate-income families -- known as the saver's credit -- would[.] |
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