To use this calculator, Iowans are invited to visit Sen. Grassley's home page, grassley.senate.gov, and link to the Heritage Tax Calculator on the bottom of the page. The calculator shows savings to taxpayers of the fully phased in proposals for marginal rates, the dual-earner deduction for married couples, the doubling of the child tax credit to $1,000, and the deductibility of charitable contributions.
"We are excited to have this new feature on the website," Grassley said. "Now, every taxpayer who visits my website will be able to see the benefits of President Bush's tax plan and see how much money they will save."