Keith Ellison on Taxes

Last Updated : Jun 25, 2012

Campaign Website Statements

Fair Taxes

Our budget deficit ballooned over the last decade largely in part because President Bush and the GOP pushed through huge tax cuts for the rich that were never paid for. We simply cannot afford to borrow from our children to give tax breaks to millionaires and billionaires who aren’t paying their fair share, especially when there are millions of Americans still looking for work. In order to balance our budget and save critical public services and social programs from GOP cuts, Keith believes that we need a tax system where the rich pay their share.

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. Keith Ellison voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Keith Ellison 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. Keith Ellison voted in favor of the AMT Relief Act of 2007.

Keith Ellison 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. Keith Ellison voted in favor of the Tax Increase Prevention Act of 2007.

Keith Ellison voted in favor of the Tax Increase Prevention Act of 2007.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 1265; Stop Tax Haven Abuse Act - Cosponsor

To restrict the use of offshore tax havens and abusive tax shelters to inappropriately avoid Federal taxation, and for other purposes.

Session-110; Bill Number-H R 2517; Fair Tax Act of 2007 - Cosponsor

To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

Session-110; Bill Number-H R 2136; Stop Tax Haven Abuse Act - Cosponsor

To restrict the use of offshore tax havens and abusive tax shelters to inappropriately avoid Federal taxation, and for other purposes.

Session-111; Bill Number-H R 2085; Religious Freedom Peace Tax Fund Act of 2009 - Cosponsor

Directs the Secretary of the Treasury to establish in the Treasury the Religious Freedom Peace Tax Fund for the deposit of income, gift, and estate taxes paid by or on behalf of taxpayers: (1) who are designated conscientious objectors opposed to participation in war in any form based upon their deeply held moral, ethical, or religious beliefs or training (within the meaning of the Military Selective Service Act); and (2) who have certified their beliefs in writing to the Secretary.

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