Washington, May 10, 2006 -  Representative John Carter (TX-31) today voted in support of a bill to prevent tax increases on small business owners, seniors, and families. H.R. 4297, the Tax Increase Prevention and Reconciliation Act, extends alternative minimum tax relief, the increased limit on small business expensing, and the low rates on capital gains and dividends.

“I am proud to support tax relief for millions of American small business owners, families, and seniors. This tax bill will assist seniors who are dependent on dividends as well as working families currently burdened by unnecessary taxation,” Congressman Carter said. “This legislation will extend the tax policies that have been responsible for the historic economic growth and strength that Americans have been enjoying in the past several months.”

Among other things, the Tax Increase Prevention and Reconciliation Act will:

· Extend alternative minimum tax (AMT) relief for an additional year.

· Extend the lower tax rate on dividend income through 2010, thus preventing a $13 billion tax increase over the next four years. This provision will benefit 1 in 2 taxpaying seniors.

· Extend the lower tax rate on capital gains income through 2010, thus preventing a $7 billion tax increase over the next four years. This provision will benefit nearly 1 in 3 senior citizens.