Gabrielle Giffords on Taxes

Last Updated : Jan 27, 2011

Summary

Congresswoman Giffords has voted against raising the debt limit and has stated that we need to cut up the national credit card and get serious about reining in government spending. She has advocated for a balanced budget amendment.

 

October 2007 Newsletter

 

 

Press Statement - Debt Limit

In December of 2009, Congresswoman Giffords released a press statement noting her vote against raising the dent limit.

 

May 2010 Newsletter

In May of 2010, Congresswoman Giffords issued a newsletter dealing with fiscal responsibility.

 

Green Valley News Interview

In August of 2010, Congresswoman Giffords was interviewed by the Green Valley News and asked about allowing the Bush Tax cuts to expire. She stated that while she supported allowing them to continue for most Americans, she thought that they should expire for the top 2 percent.

 

Call for a Balanced Budget Amendment

In March of 2010, Congresswoman Giffords released a statement noting her support for a balanced budget amendment.

 

Campaign Website Statements

 

 

Voting Record

Alternative Minimum Tax Relief Act of 2008

The Alternative Minimum Tax was created to tax wealthy individuals who were exploiting loopholes to avoid paying taxes. It was not indexed to inflation and now affects many more families than it was intended. Congress regularly applies "fixes" to the law in the form of yearly adjustments. Sometimes they attempt to repeal it completely. In 2008, the house voted on the Alternative Minimum Tax Relief Act of 2008. The bill was had the objectives of increasing and extending through 2008 the alternative minimum tax (AMT) exemption amounts, and extending through 2008 the offset of certain nonrefundable personal tax credits against regular and AMT tax liability. This change would have brought in less revenue and that was to be offset by lowering the tax deductions for oil companies. The bill was supported by most Democrats and opposed by most Republicans. While it passed the house, it never came up for a vote in the Senate. Gabrielle Giffords voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Gabrielle Giffords voted in favor of the Alternative Minimum Tax Relief Act of 2008.

AMT Relief Act of 2007

The AMT Relief Act of 2007 sought to apply a fix to the AMT, and offset those costs by taxing gross income from overseas companies. Most Democrats supported the legislation and most Republicans opposed it and the bill passed the house, but was not brought up for a vote in the Senate. Gabrielle Giffords voted in favor of the AMT Relief Act of 2007.

Gabrielle Giffords voted in favor of the AMT Relief Act of 2007.

Tax Increase Prevention Act of 2007

In 2007, congress passed legislation to apply a temporary fix. Most Democrats supported the legislation and all Republicans opposed it on the grounds that it violated PAYGO. Gabrielle Giffords cast a "No Vote"

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 1552; Start Up Expenses - Cosponsor

Amends the Internal Revenue Code to increase in taxable years beginning in 2009, 2010, or 2011: (1) the limit on the tax deduction for trade or business start-up expenditures from $5,000 to $20,000; and (2) the threshold amount for reducing such limit.

References

[1] Website: Green Valley News Article: U.S. House: Gabrielle Giffords (D) Author: NA Accessed on: 01/21/2011

[2] Website: October 2007 Newsletter Article: October 2007 Newsletter Author: Gabrielle Giffords Accessed on: 01/26/2011

[3] Website: March 2009 Newsletter Article: March 2009 Newsletter Author: Gabrielle Giffords Accessed on: 01/26/2011

User Comments