Who We Are
The BlueCollarDollar was designed as a place you could go to find the complicated world of finance, debt, insurance, mortgages, retirement, and your investments explained. We have a common sense approach to money. You earn it, you should know what to do with it. We want you to be debt free and we will work at getting you there. We want you to have a financially stable retirement, that is both comfortable and healthy.

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The Tax Bill
This is what your Congress is trying to vote on so Mr. Bush has something to sign on Memorial Day. To me, the rush isn't necessary. Although recent Gallup polls indicate that a substantial tax cut is wanted by the group survey, it is still too flawed to make ant economic or fiscal sense.

Lower Income Tax Rates	House Version	Senate Version
Date	Phased in by 2006, based on individual income	Phased in by 2007
Top Bracket	33% from 39.6% and 36% (over $156,300)	36% from 39.6% (Over $348,350)
Upper Middle Bracket	-------	33% from 36% ($160,250 to $348,350)
Middle Bracket	25% from 31% and 28% ($30,950 to $156,300)	28% from 31% ($76,800 to $160,250)
Lower Middle Bracket	------	25% from 28% ($31,700 to $76,800)
Bottom Bracket	10% for the first $6,000, 15% for the remainder from 15%(up to $30,950)	10% for the first $6,000, 15% for the remainder from 15%(up to $31,700)
Price Tag	$958.3 billion	$846.8 billion
Increase Child Tax Credit	House Version	Senate Version
Date	Phased in by 2006	Phased in by 2011
Deduction	$1000 from $500	$1000 from $500
Refund Availability	Low Income Benefit for some	More than the House
Price Tag	$175.9 billion	$190.4 billion
Estate Tax Repeal	House Version	Senate Version
Date	Full by 2011	Full by 2011
The possible plan execution	The plan calls for faster rate cuts than proposed by the Senate	Revenue sharing with the states will end with this plan
Price Tag	$185.6 billion	$144.6 billion
Tax Relief for Married Couples	House Version	Senate Version
Date	Phased in between2002 and 2011	Phased in between 2006 and 2011
Deduction	Standard deduction to twice a single filer	Same as the House
Rate	Would set 15% for marrieds at twice single	Same as House
Price Tag through 2011	$223.3 billion	$59.8 billion
Pension Reform	House Version	Senate Version
Date	Varies	Varies
	Phases higher savings limits faster	Credits for low income earners
Price Tag through 2011	$51.6 billion	$40.1 billion
Price Tag through 2011	$1.6 trillion	$1.35 trillion

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