Bill Foster on Taxes

Last Updated : Sep 15, 2010

Summary

Congressman Foster states that he supports fiscal discipline and lowering the estate tax. 

 

Press Release - Estate Taxes

In December of 2009, Congressman Foster's office released a press statement noting his vote in a bill to permanently lower the estate tax.

 

Campaign Website Statements

 

Official 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. Bill Foster voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Bill Foster voted in favor of the Alternative Minimum Tax Relief Act of 2008.

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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