The measure would allow taxpayers to exempt their first $1,000 in capital gains each year, starting in 2006.
This would allow local taxpayers to receive equipment and services directly proportional to the taxes collected in their particular district.
The Republicans call for allowing taxpayers to invest part of their payroll taxes in the financial markets.
So far, the program, which began in March, has generated $62 million by allowing delinquent taxpayers to pay back taxes owed without penalty or interest.
The bill also would allow taxpayers who did not itemize to deduct charitable contributions of no more than $100.
The Republican amendment would also allow self-employed taxpayers to deduct the full cost of their medical insurance premiums beginning with this year's taxes.
And by allowing taxpayers to deduct contributions until they file, it could encourage Americans to be more generous.
You also supported a check-off allowing taxpayers to contribute directly to help pay off the Federal deficit.
That treatment allowed taxpayers to exclude 60 percent of the gain on the sale of assets owned for more than six months.
Why are they allowing the ratepayers and taxpayers of this country to go on throwing money down the drain?