http://www.washingtonpost.com/wp-dyn/articles/A2611-2004Oct2.htmlWASHINGTON - One month before Election Day, President Bush sought Saturday to make sure Americans know he is signing into law a fourth tax cut in four years. On Monday in Iowa, Bush will sign legislation extending three popular middle-class tax breaks and reviving some expired business tax incentives.
The tax package Congress passed last month will affect an estimated 94 million Americans, mainly through its provision to extend a broader 10 percent tax bracket, which helps reduce taxes for virtually all taxpayers. The package also keeps the per-child tax credit at $1,000 and retains the provisions providing married couples relief from the so-called marriage penalty.
The package extends the child credit for five years, the marriage penalty relief for four years and the expanded 10 percent tax bracket for six years. All were to have expired Jan. 1.
Bush said his Democratic challenger, Massachusetts
Sen. John Kerry, had opposed the tax cuts to be extended Monday. In fact, Kerry agreed with Bush on the need to retain the personal income tax cuts.