Brad Ellsworth on Taxes

Last Updated : Jul 14, 2010

Summary

Congressman Ellsworth has stated that he wants to simplify the tax code, increase the exemption for the AMT, double the child exemption tax for the first year, and re-institute PAYGO rules. He has supported legislation to lower capital gains taxes, and increase exemptions to create small businesses. He supports a balanced budget and has co-sponsored legislation to do enforce that rule. 

 

Press release - Small Business Loans and Tax Relief

In June of 2009, Congressman Ellsworth's office released a press statement noting his support for the Small Business Loans and Tax Relief Act. In supporting this legislation, Congressman Ellsworth notes his support for reducing capital gains taxes, an increase in deductions for start-up expenditures, and a fix to a tax shelter that hampered small businesses.

 

Official Website statements

 

 

 

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. Brad Ellsworth voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the AMT Relief Act of 2007.

Brad Ellsworth 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. Brad Ellsworth voted in favor of the Tax Increase Prevention Act of 2007.

Brad Ellsworth voted in favor of the Tax Increase Prevention Act of 2007.

 

Sponsored and Cosponsored Legislation

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

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