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Stephanie Herseth on Tax Reform

Democratic Representative (SD-AL)


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

    Voted NO on retaining reduced taxes on capital gains & dividends.

    Vote to reduce federal spending by $56.1 billion over five years by retaining a reduced tax rate on capital gains and dividends, as well as.
    • Decreasing the number of people that will be required to pay the Alternative Minimum Tax (AMT)
    • Allowing for deductions of state and local general sales taxes through 2007 instead of 2006
    • Lengthening tax credits for research expenses
    • Increasing the age limit for eligibility for food stamp recipients from 25 to 35 years
    • Continuing reduced tax rates of 15% and 5% on capital gains and dividends through 2010
    • Extending through 2007 the expense allowances for environmental remediation costs (the cost of cleanup of sites where petroleum products have been released or disposed)
    Reference: Tax Relief Extension Reconciliation Act; Bill HR 4297 ; vote number 2005-621 on Dec 8, 2005

    50-25-25 budget formula for debt-tax cuts-spending.

    Herseth adopted the Blue Dog Coalition press release:

    The 33 member Blue Dog Coalition applauds Senator Joe Lieberman (D-CT) for his commitment to fiscal responsibility. In a floor speech today, Senator Lieberman called for a budget framework that would devote half of the budget surplus to debt reduction, a quarter of the remaining funds to tax cuts, the final quarter to targeted spending increases in America’s priority programs. Senator Lieberman touted a mantra long held by the Blue Dogs that “our top priority must remain debt reduction.”

    Senator Lieberman’s position closely reflects the “50-25-25” equation for responsible budgeting long advocated by the Blue Dog Coalition. The Blue Dogs’ formula would extract the Social Security and Medicare Trust Funds from the projected budget surplus and use half of the remaining funds to pay down the national debt. After committing 50 percent to debt reduction, 25 percent would be allocated to tax cuts and the remaining 25 percent would fund increases in priority programs, such as education, agriculture, defense, and health care. “The 50-25-25 budget framework is a common sense, fiscally conservative approach that will provide for a healthy economy, lower taxes, and reduction of our national debt. I am pleased that Senator Lieberman stressed the need for fiscal discipline,” said Blue Dog Budget Task Force Co-Chairman, Rep. Dennis Moore (D-KS).

    “Senator Lieberman got it exactly right,” said Blue Dog Co-Chairman Rep. Jim Turner (D-TX). “We need a budget that meets our commitments and lives up to our responsibilities. Most importantly, we need a budget that adds up. The 50-25-25 framework is a smart, conservative, approach that prioritizes paying down the debt and still leaves room for real tax relief.”

    Source: Blue Dog Coalition press release 01-BDC3 on Feb 8, 2001

    Rated 67% by CTJ, indicating a mixed record on progressive taxation.

    Herseth scores 67% by the CTJ on taxationissues

    OnTheIssues.org interprets the 2005-2006 CTJ scores as follows:

    • 0% - 20%: opposes progressive taxation (approx. 235 members)
    • 21% - 79%: mixed record on progressive taxation (approx. 39 members)
    • 80%-100%: favors progressive taxation (approx. 190 members)
    About CTJ (from their website, www.ctj.org):

    Citizens for Tax Justice, founded in 1979, is not-for-profit public interest research and advocacy organization focusing on federal, state and local tax policies and their impact upon our nation. CTJ's mission is to give ordinary people a greater voice in the development of tax laws. Against the armies of special interest lobbyists for corporations and the wealthy, CTJ fights for:

    • Fair taxes for middle and low-income families
    • Requiring the wealthy to pay their fair share
    • Closing corporate tax loopholes
    • Adequately funding important government services
    • Reducing the federal debt
    • Taxation that minimizes distortion of economic markets
    Source: CTJ website 06n-CTJ on Dec 31, 2006

    2010 Governor, House and Senate candidates on Tax Reform: Stephanie Herseth on other issues:
    SD Gubernatorial:
    Dennis Daugaard
    SD Senatorial:
    John Thune
    Tim Johnson

    Dem. Freshmen
    in 112th Congress:

    AL-7:Terri Sewell
    CA-33:Karen Bass
    DE-0:John Carney
    FL-17:Frederica Wilson
    HI-1:Colleen Hanabusa
    LA-2:Cedric Richmond
    MA-10:Bill Keating
    MI-13:Hansen Clarke
    RI-1:David Cicilline
    GOP Freshmen
    in 112th Congress:

    AL-2:Martha Roby
    AL-5:Mo Brooks
    AZ-1:Paul Gosar
    AZ-3:Ben Quayle
    AZ-5:David Schweikert
    AR-1:Rick Crawford
    AR-2:Tim Griffin
    AR-3:Steve Womack
    CA-19:Jeff Denham
    CO-3:Scott Tipton
    CO-4:Cory Gardner
    FL-12:Dennis Ross
    FL-2:Steve Southerland
    FL-21:Mario Diaz-Balart
    FL-22:Allen West
    FL-24:Sandy Adams
    FL-25:David Rivera
    FL-5:Rich Nugent
    FL-8:Dan Webster
    GA-2:Mike Keown
    GA-7:Rob Woodall
    GA-8:Austin Scott
    ID-1:Raul Labrador
    IL-8:Joe Walsh
    IL-10:Bob Dold
    IL-11:Adam Kinzinger
    IL-14:Randy Hultgren
    IL-17:Bobby Schilling
    IL-8:Joe Walsh
    IN-3:Marlin Stutzman
    IN-4:Todd Rokita
    IN-8:Larry Bucshon
    IN-9:Todd Young
    KS-1:Tim Huelskamp
    KS-3:Kevin Yoder
    KS-5:Mike Pompeo
    LA-3:Jeff Landry
    MD-1:Andy Harris
    MI-1:Dan Benishek
    MI-2:Bill Huizenga
    MI-3:Justin Amash
    MI-7:Tim Walberg
    MN-8:Chip Cravaack
    MO-4:Vicky Hartzler
    MO-7:Billy Long
    MS-1:Alan Nunnelee
    MS-4:Steven Palazzo
    GOP Freshmen
    in 111th Congress:

    NC-2:Renee Ellmers
    ND-0:Rick Berg
    NH-2:Charlie Bass
    NH-1:Frank Guinta
    NJ-3:Jon Runyan
    NM-2:Steve Pearce
    NV-3:Joe Heck
    NY-13:Michael Grimm
    NY-19:Nan Hayworth
    NY-20:Chris Gibson
    NY-24:Richard Hanna
    NY-25:Ann Marie Buerkle
    NY-29:Tom Reed
    OH-1:Steve Chabot
    OH-15:Steve Stivers
    OH-16:Jim Renacci
    OH-18:Bob Gibbs
    OH-6:Bill Johnson
    OK-5:James Lankford
    PA-10:Tom Marino
    PA-11:Lou Barletta
    PA-3:Mike Kelly
    PA-7:Patrick Meehan
    PA-8:Mike Fitzpatrick
    SC-1:Tim Scott
    SC-3:Jeff Duncan
    SC-4:Trey Gowdy
    SC-5:Mick Mulvaney
    SD-0:Kristi Noem
    TN-3:Chuck Fleischmann
    TN-4:Scott DesJarlais
    TN-6:Diane Black
    TN-8:Stephen Fincher
    TX-17:Bill Flores
    TX-23:Quico Canseco
    TX-27:Blake Farenthold
    VA-2:Scott Rigell
    VA-5:Robert Hurt
    VA-9:Morgan Griffith
    WA-3:Jaime Herrera
    WI-7:Sean Duffy
    WI-8:Reid Ribble
    WV-1:David McKinley
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    Contact info:
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    http://hersethsandlin.house.gov/contact2.htm
    Fax Number:
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    Mailing Address:
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    Phone number:
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    Page last updated: Mar 11, 2011