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          <title>WashingtonWatch.com - S. 2592, The Economic Growth Act of 2008</title>
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<title>Revision by webmaster (March 14, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2592.html?rev=20241</link>
<description>&lt;p&gt;S. 2592 would amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

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<guid isPermaLink="false">20241@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 14 Mar 2008 00:00:00 EDT</pubDate>
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<item>
<title>Revision by webmaster (March 14, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2592.html?rev=20242</link>
<description>&lt;p&gt;S. 2592 would amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 2/5/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">20242@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 14 Mar 2008 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (March 14, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_SN_2592.html?rev=20243</link>
<description>&lt;p&gt;S. 2592 would amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Economic Growth Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the dollar and other limitations on the expensing allowance of depreciable business assets; (2) reduce to 25% the maximum corporate income tax rate; (3) provide for an inflation adjustment to the basis of certain capital assets for purposes of determining gain or loss; and (4) reduce from 35 to 15% the alternative capital gains tax rate for corporations.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 2/5/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">20243@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 14 Mar 2008 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of February 5, 2008</title>
<link>http://www.washingtonwatch.com/bills/show/110_SN_2592.html</link>
<description>2/5/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.</description>
<guid isPermaLink="false">33855@http://www.washingtonwatch.com</guid>
<pubDate>Tue, 05 Feb 2008 00:00:00 EST</pubDate>
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