For Immediate Release
September 24, 2008 |
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Levin Statement in Support of the Alternative Minimum Tax Relief Act |
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(Washington D.C.)- U.S. Rep. Sander Levin (D-Royal Oak) made the following floor statement in support of the Alternative Minimum Tax Relief Act.
Mr. Speaker, I rise in support of the Alternative Minimum Tax Relief Act.
I do so because this legislation is necessary to protect 25 million middle class families from a tax that was never intended to apply to them, including more than 53,000 families in my district.
But the bill before us will also increase the federal deficit by more than $64 billion.
Earlier this year, we passed an AMT patch in a fiscally responsible manner. We paid for it by closing loopholes and improving the fairness of our tax code.
The minority argued that we should just borrow more money, ignoring the ballooning deficit and mounting debt, and the Bush Administration’s reckless fiscal policies. At no time did we hear the minority oppose our offsets on the merits. At no time did they argue we should not close these loopholes.
They just engaged in absurd ideological arguments and claimed that closing a loophole is a tax increase.
Today we will take this action to protect 25 million taxpayers because it’s the necessary thing to do.
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To Contact Congressman Levin: -
Email Congressman Levin In Michigan: 27085 Gratiot Ave, Roseville, MI 48066 | (586) 498-7122 | (248) 968-2025
In Washington: 1236 Longworth House Office Building, Washington, DC 20515 | (202) 225-4961
