According to the Joint Committee on Taxation, Speaker Boehner’s alternative to the still-in-progress fiscal cliff negotiations with President Obama would permanently extend the 2001/2003 tax cuts for incomes up to $1 million and provide a total tax cut of $3.9 trillion over the next 10 years.
| Provision | Total budget effects (2013-2022), per JCT table | Outlay effects (2013-2022), from footnote 1 of JCT table | Tax cut (2013-2022) [Total budget effects minus outlay effects] |
| Permanent extension of reduced marginal income tax rates for incomes up to $1M | $912.6 billion |
$36.9 billion | $875.7 billion |
| Permanent repeal of PEP and Pease limitation | $162.7 billion | N/A | $162.7 billion |
| Permanent $1,000 child credit | $354.5 billion | $134.4 billion | $220.1 billion |
| Permanent marriage penalty relief | $84.6 billion | $25.1 billion | $59.5 billion |
| Permanent extension of other 2001 tax cuts (e.g., education benefits, adoption credit) | $30.8 billion | $2.0 billion | $28.8 billion |
| Permanent extension of reduced capital gains/dividends rates (top rate of 15%) for incomes up to $1M |
$282.5 billion | N/A | $282.5 billion |
| Permanent extension of 2012 estate tax rules ($5 million exemption/35% top rate) | $388.2 billion | N/A | $388.2 billion |
| Permanent extension of higher small business expensing limits under Sec. 179 | $45.7 billion | N/A | $45.7 billion |
| Permanent AMT patch (including interaction effects between the AMT patch and the 2001/2003 tax cuts) | $1.9 trillion | N/A | $1.9 trillion |
| TOTAL | $4.1 trillion | $198.3 billion | $3.9 trillion TOTAL TAX CUT |
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