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Cover Story

Extending the Bush Tax Cuts

The bill for extending all the Bush tax cuts except the estate and gift tax reductions through 2020: $3.5 trillion.*

• Income tax cut for families earning less than $250,000 a year: $1,184 billion

• Income tax cut for families earning $250,000 a year or more: $700 billion

• Inflation adjustment of the alternative minimum tax: $584 billion**

• Marriage tax relief: $360 billion

• $1,000 child tax credit: $359 billion

• Capital-gains and dividend tax cuts: $238 billion

• Other: $71 billion

* This analysis excludes the estate and gift tax cuts.

** Without this patch, the AMT would snatch back the Bush cuts from many higher-income taxpayers

Data: Joint Committee on Taxation, Treasury Dept.

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