The tax bill includes Chairman Talent's bill, the ACRA , which will provide significant tax and regulatory relief to help America's poorest neighborhoods revitalize their communities. ACRA has been a top priority of the Chairman and the Committee, and it will foster significant small business growth in our nation's struggling communities. The ACRA passed the House in the 1998 Taxpayer Relief Act, but tomorrow's expected Senate passage will be the first Senate vote on this important legislation. Death Tax Repeal. This will help thousands of families to continue the legacy of their family farm or small business well into future generations.
Capital gains tax relief .
In 2000, TRRA indexes capital gains for inflation as well. This will make health care more affordable for 5 million Americans in self-employed families without health insurance. Improved health care options . TRRA includes measures to make health care and long-term care more affordable and accessible. Increased small business expensing.