A bill introduced by Senate Minority Leader Mitch McConnell, S. 3773, would permanently renew all of the provisions of the Bush-era tax cuts, including provisions that benefit only individuals with incomes above $200,000 and couples with incomes above $250,000. It also would permanently reduce the estate tax on the very wealthiest estates. However, the bill would not extend the improvements in the CTC and EITC.
To get more information on the of the cuts proposed by Senator McConnell in his tax plan, download the fact sheet below and also check out this chart.
