-- Accelerating reductions in income tax rates for all income brackets, now scheduled for 2004 and 2006, to this year. That would lower the current 27 percent bracket to 25 percent, the 30 percent bracket to 28 percent, the 35 percent bracket to 33 percent and the top 38.6 percent bracket to 35 percent.
-- Increasing to US$75,000 from US$25,000 the amount small companies can immediately write off for investments in new equipment.
-- Expanding the 10-percent tax bracket to the first US$7,000 in income from US$6,000.
-- Fully implementing tax breaks for married couples in 2003.
-- Immediately expanding the child tax credit to US$1,000 from the current US$600.
-- Providing temporary relief to taxpayers who may be hit by the alternative minimum tax.
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