Redstate

Posted at 1:14pm on Jun. 11, 2008 Taxpayers Choice Act

By Rep. Michele Bachmann

Today, the Republican Leadership unveiled their Economic Agenda to help America’s middle-class. My bill, H.R. 3818, the Taxpayers Choice Act was the centerpiece of the agenda. With skyrocketing gas and food costs, our nation’s families are struggling to make ends meet. It’s time that Washington work to give real relief to our hard-working taxpayers and help them afford what their families need and want.

Millions of American taxpayers are dramatically affected by the burdensome Alternative Minimum Tax (AMT), forcing them to send even more of their hard- earned money to Washington. I strongly believe that the AMT must be repealed and that taxpayers deserve a choice in filing their taxes. H.R. 3818 would give taxpayers the option of paying either higher tax rates with more deductions or lower tax rates with no special deductions, empowering taxpayers to choose an option that best fits their families’ needs.

The Taxpayer Choice Act (H.R. 3818), has three points:

1. Immediately, fully, and permanently repeal the current AMT;
2. Make permanent the current capital gains and dividends tax rates; and
3. Create a voluntary Simplified Tax that would give individuals the option of paying under a highly simplified income tax system or under the regular income tax as it is structured now.

It is important that Congress continue to work to see that families all across the nation get help to make ends meet. This Republican Economic Agenda is just one step to helping the struggling middle-class get back on their feet.

Posted in Alternative Minimum Tax | AMT | Congress | Minnesota | Taxpayers Choice Act — Comments (21) / Email this page » / Read More »