Phil Hare on Tax Reform
Q: Do you support making President Bush’s tax cuts permanent?
A: No. I want to eliminate the Bush tax cuts for people making $200,000 per year or more. I want to reduce the taxes on lower and middle income families. I want a budget that eliminates needless items but takes care of our veterans, our children and our seniors.
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.
|Comparison of Progressive Tax Plan & Bush’s Plan|
|The Wealthy||The Low Income|
|Progressive Caucus American Peoples Dividend||$300||$300|
|President Bush’s Tax Cuts||$$46,000||$0|
|2010 Governor, House and Senate candidates on Tax Reform:||Phil Hare on other issues:|
in 111th Congress:
Senate races in 2010:
CA:Boxer(D) vs.Fiorina(R) vs.Lightfoot(L)
DE:Coons(D) vs.Castle(R) vs.O`Donnell(R)
FL:Rubio(R) vs.Crist(I) vs.Meek(D) vs.DeCastro(C) vs.Snitker(L) vs.Bradley(V)
NH:Alciere(R) vs.Ayotte(R) vs.Hodes(D)
OH:Fisher(R) vs.Portman(D) vs.Deaton(C)