House OKs tax relief bill for Katrina victims

The US House of Representatives on Wednesday unanimously approved H.R. 3768, providing $6 billion in temporary tax relief aimed at helping people and organizations hit by Hurricane Katrina. In particular, the legislation offers $500 tax credits for those providing temporary housing for Katrina victims and raises caps on charitable donations made to charities helping those affected by the hurricane. The bill also allows temporary withdrawals from retirement plans, ensures that tax credits for child care and debt are based on 2004 income and offers businesses tax credits for hiring victims of the hurricane. The legislation focuses on short-term relief for those affected by the disaster, with Congress expected to work on longer-term relief efforts over the coming months. The tax bill is expected to receive quick approval from the US Senate and President Bush. A major issue of contention in Congress remains how the government should finance the recovery for the Gulf region that is expected to cost in the billions. Democrats and Republicans have jousted over whether to cut existing programs, increase the deficit or raise taxes to cover the costs. Reuters has more.

Thanks to  In The Agora.

waynem

About waynem

As a Minnesota based photographer and artist I have been greatly influenced by the Upper Midwest. I focus my skills and energies on portraits, landscapes, cityscapes, architectural and fine art work. My best work comes from images first painted in my mind. I mull over a prospective image for weeks or months, seeing it from different angles and perspectives, then finally deciding what to capture. The result is images that deeply touch people's emotions and powerfully evoke memories and dreams. My images are used commercially by companies and organizations ranging from Financial Services firms, mom and pop Ice Cream shops and The Basilica of St Mary to communicate their shared vision and values. Book and magazine publishers have featured my images on their covers. My photographs also grace and enhance the decor of many fine homes.
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