OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Tax Increase Prevention Act of 2007

Floor Speech

Date: Dec. 19, 2007
Location: Washington, DC
Issues: Taxes


TAX INCREASE PREVENTION ACT OF 2007 -- (House of Representatives - December 19, 2007)

BREAK IN TRANSCRIPT

Mr. VAN HOLLEN. Madam Speaker, I rise to support the importance of patching the Alternative Minimum Tax (AMT) this year. Although it would have been my strong preference to pay for the middle class tax relief we are providing today, I do not believe we should penalize 23 million Americans for the Republican party's fiscal irresponsibility and intransigence.

Throughout this debate, we have demonstrated that it is possible to provide important tax relief in a fiscally responsible manner. Unfortunately, the White House and an obstructionist minority in the other chamber have blocked these efforts. That obstruction is regrettable. But it must not be permitted to create an additional liability for millions of middle class Americans the AMT was never intended to burden.

Madam Speaker, the hour is late. The need is clear. I urge my colleagues' support.


Source
arrow_upward