Kendrick Meek on Taxes

Last Updated : Sep 09, 2010

Summary

Congressman Meek voted against some of the Bush Tax cuts and was not in office for others. He has stated that he supports rolling back the Bush tax cuts, and that he opposes a Fair Tax or a Flat Tax system.

 

Campaign Website Statements

Economy and Jobs

Kendrick is the only candidate who supports cutting taxes for the middle class and rolling back the Bush tax cuts for the wealthiest 1% of Americans and corporate special interests. He opposes a flat tax and a national sales tax that would result in higher taxes for the middle class and lower ones for wealthy people.

He has a history of standing up for the middle class, supporting an increase in the minimum wage, and protecting against high credit card fees and predatory banking and lending practices.

Kendrick believes we must continue boosting small business loans, closing loopholes for companies that ship jobs overseas, and providing targeted tax incentives for high-growth industries such as tourism and agriculture.

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. Kendrick Meek voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Kendrick Meek 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. Kendrick Meek voted in favor of the AMT Relief Act of 2007.

Kendrick Meek 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. Kendrick Meek voted in favor of the Tax Increase Prevention Act of 2007.

Kendrick Meek voted in favor of the Tax Increase Prevention Act of 2007.

Tax Relief and Health Care Act of 2006

The Tax Relief and Health Care Act of 2006 was passed into law in 2006 and contained a wide array of tax cut extensions for everything from making improvements to your house, to state and local sales tax exemptions, and to make improvements to DC. It also contained a provision for health savings accounts. The bill got wide support and passed the house with about 25% of Democrats opposing it. Kendrick Meek voted against the Tax Relief and Health Care Act of 2006.

Kendrick Meek voted against the Tax Relief and Health Care Act of 2006.

Pension Protection Act of 2006

The Pension Protection Act of 2006 addressed regulations governing employer-sponsored pensions and acted to make the portions of the 2001 act which allowed higher contributions to IRAs. with the support of both parties. The bill got wide support from both parties and passed 279-131. Kendrick Meek voted in favor of the Pension Protection Act of 2006.

Kendrick Meek voted in favor of the Pension Protection Act of 2006.

Tax Increase Prevention and Reconciliation Act of 2005

The Tax Increase Prevention and Reconciliation Act of 2005 extended previously lowered dividend income and capital gains through 2010, and made an increase to the AMT exemption. It also eliminated income restrictions on high-income taxpayers for converting traditional Individual Retirement Accounts (IRAs) to Roth IRAs. Most Republicans supported the legislation and about 1/3 of teh Democrats supported it. The bill passed in a 234-197 vote with the support of both parties. Kendrick Meek voted against the Tax Increase Prevention and Reconciliation Act of 2005.

Kendrick Meek voted against the Tax Increase Prevention and Reconciliation Act of 2005.

Working Families Tax Relief Act of 2004

The Working Families Tax Relief Act of 2004 extended the 10 percent bracket on income tax created in the 2001 legislation, doubled the child tax credit, extended the previous AMT exemption and the Work Opportunity Tax Credit. The legislation was widely supported and passed 339-65. Kendrick Meek voted in favor of the Working Families Tax Relief Act of 2004.

Kendrick Meek voted in favor of the Working Families Tax Relief Act of 2004.

American Jobs Creation Act of 2004

The American Jobs Creation Act of 2004 allowed individuals to claim a deduction for state and local sales taxes paid, in lieu of deducting state income taxes. It also increased tax credits for business investment abroad, and temporarily increased the expensing provisions for corporations. The bill passed 251-178 with the support and opposition of both parties. Kendrick Meek voted against the American Jobs Creation Act of 2004.

Kendrick Meek voted against the American Jobs Creation Act of 2004.

A bill to end the marriage penalty

In 2004, the house voted on a bill to fix the marriage penalty tax. The bill increased the standard deduction for married taxpayers and increased the deducitons for the 15 percent bracket. The bill got wide support in the vote and passed with only 1/3 of the Democrats opposing it. The bill was not brought up for a vote in the Senate. Kendrick Meek voted in favor of ending the marriage penalty.

Kendrick Meek voted in favor of ending the marriage penalty.

Jobs and Growth Tax Relief Reconciliation Act of 2003

In the Jobs and Growth Tax Relief reconciliation Act of 2003 tax rates on realized capital gains received by individual shareholders were reduced from 10 percent (for taxpayers in tax brackets where the ordinary income tax rate was 15 percent or below) and 20 percent (for all other brackets) to 5 percent and 15 percent, respectively, through 2007 and to 0 and 15 percent in 2008. It also adjusted the AMT exemption limit, expanded the child tax credit, and accelerated some of the earlier aspects of the previous laws. The bill was supported by Republicans and opposed by Democrats, and passed in a 222-203 vote. Kendrick Meek voted against the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Kendrick Meek voted against the Jobs and Growth Tax Relief Reconciliation Act of 2003.

 

Sponsored and Cosponsored Legislation

Session-109; Bill Number-H R 2121; Generate Retirement Ownership Through Long-Term Holding Act of 2005 - Cosponsor

Amends the Internal Revenue Code to provide that no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.

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