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Charles Melancon on Tax Reform

Democrat


Tax increase on wealthiest taxpayers but not middle-class

Vitter stressed his differences with Melancon on tax policy. On taxes, Vitter favor a permanent extension of all the income-tax cuts approved in the early years of President George W. Bush's administration.

Melancon said he supports extending the tax cuts for middle-income earners but allowing rates to increase on the wealthiest taxpayers. "Every one of us wants to extend the present tax rates... except one candidate, Charlie Melancon," Vitter said.

The candidates were less sure of themselves when asked for specifics on what federal spending they would seek to offset the tax cuts with corresponding cuts to spending. Vitter did not offer any suggestions for what he would cut, while Melancon suggested that Congress should take its cue from a government report that details which federal programs and agencies are "not giving bang for the buck."

Source: NOLA.com coverage of 2010 Louisiana Senate debate Oct 28, 2010

Immediate tax relief for middle-class families

What middle-class families need, said Melancon, “is immediate tax relief, not a devastating new sales tax on the things they buy every day. And what would a new 30% tax on farm equipment, shrimp boats, and trucks do for our small family businesses who are already struggling? This radical tax scheme just doesn’t add up for Louisiana families. We can’t raise taxes on those who can least afford it. Hard-working Louisiana families need tax cuts to help their pocketbooks, and to help our economy.”
Source: Campaign Website, MelanconforCongress.org Nov 2, 2004

Voted YES on extending AMT exemptions to avoid hitting middle-income.

Congressional Summary:Amends the Internal Revenue Code to:
  1. increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts;
  2. extend through 2008 the offset of personal tax credits against AMT tax liabilities; Reference: Alternative Minimum Tax Relief Act; Bill H.R.6275 ; vote number 2008-455 on Jun 25, 2008

    Voted YES on paying for AMT relief by closing offshore business loopholes.

    H.R.4351: To provide individuals temporary relief from the alternative minimum tax (AMT), via an offset of nonrefundable personal tax credits. [The AMT was originally intended to apply only to people with very high incomes, to ensure that they paid a fair amount of income tax. As inflation occurred, more people became subject to the AMT, and now it applies to people at upper-middle-class income levels as well. Both sides agree that the AMT should be changed to apply only to the wealthy; at issue in this bill is whether the cost of that change should be offset with a tax increase elsewhere or with no offset at all. -- ed.]

    Proponents support voting YES because:

    Rep. RANGEL: We have the opportunity to provide relief to upward of some 25 million people from being hit by a $50 billion tax increase, which it was never thought could happen to these people. Almost apart from this, we have an opportunity to close a very unfair tax provision, that certainly no one has come to me to defend, which prevents a handful of people from having unlimited funds being shipped overseas under deferred compensation and escaping liability. Nobody, liberal or conservative, believes that these AMT taxpayers should be hit by a tax that we didn't intend. But also, no one has the guts to defend the offshore deferred compensation. So what is the problem?

    Opponents recommend voting NO because:

    Rep. McCRERY: This is a bill that would patch the AMT, and then increase other taxes for the patch costs. Republicans are for patching the AMT. Where we differ is over the question of whether we need to pay for the patch by raising other taxes. The President's budget includes a 1-year patch on the AMT without a pay-for. That is what the Senate passed by a rather large vote very recently, 88-5. The President has said he won't sign the bill that is before us today. Republicans have argued against applying PAYGO to the AMT patch. In many ways PAYGO has shown itself to be a farce.

    Reference: AMT Relief Act; Bill HR4351 ; vote number 2007-1153 on Dec 12, 2007

    Supports more federal taxes & keeping marriage penalty.

    Melancon supports the CC survey questions on increasing taxes

    The Christian Coalition voter guide [is] one of the most powerful tools Christians have ever had to impact our society during elections. This simple tool has helped educate tens of millions of citizens across this nation as to where candidates for public office stand on key faith and family issues.

      The CC survey summarizes candidate stances on the following topics:
    • Increase in federal income tax rates
    • Elimination of the federal marriage tax penalty [vs. keeping the federal marriage tax penalty]
    Source: Christian Coalition Survey 10-CC-q11 on Aug 11, 2010

    Other candidates on Tax Reform: Charles Melancon on other issues:
    LA Gubernatorial:
    Bobby Jindal
    LA Senatorial:
    David Vitter
    Mary Landrieu

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    Page last updated: Dec 04, 2010