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House Passes Tax Equity Bill

Statement

Date: Dec. 12, 2007
Location: Washington, DC
Issues: Taxes Government Budget and Spending


House Passes Tax Equity Bill

House Majority Whip James E. Clyburn today released the following statement regarding passage of H.R. 4351, the Alternative Minimum Tax Relief Act of 2007:

"The AMT Relief Act works to responsibly shield 23 million hard-working American families from getting hit with an unfair tax increase. And unlike President Bush's tax cuts for the wealthy, the targeted middle-class tax relief offered in this Democratic-sponsored proposal is paid for and will do nothing to increase our looming budget deficits.

"This New Direction Congress is working to progressively advance our tax policies down a more conscientious and equitable path. By lessening the tax burden of middle-class Americans, the AMT Relief Act seeks to bring more fairness to our tax code."


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