Shelley Berkley on Taxes

Last Updated : Oct 29, 2012

Summary

The Bush Tax Cuts

In 2001, Congresswoman Berkley opposed the first of the Bush tax cuts. She stated that she wanted to pass a tax cut, but doing so without a budget, without protecting Social Security and Medicare, without paying off our national debt is irresponsible and inappropriate.

In 2010, Congresswoman Berkley spoke in support of the Middle Class Tax Cut Act stating that it was a crucial step in getting our economy back on track. The Legislation would permanently extend middle income tax relief which she stated would provide much needed certainty to our small businesses -- our entrepreneurs -- and create conditions for long-term growth, while still dealing responsibly with the federal deficit.

In 2011, Congresswoman Berkley supported efforts to continue the Bush tax cuts for everyone except the top two earning brackets. She stated that it was time to stop putting Wall Street first and before Main Street.

The Estate Tax

In 2009, Congresswoman Berkley put forth legislation that phased up the exemption for the estate tax to $5 million, $10 million for couples, and lowered the rate to 35 percent over the next 10 years to reduce the burden on those estates that still have an estate tax liability.

Energy and Taxes

Congresswoman Berkley often argues for ending tax breaks and subsidies for oil and gas companies and initiating new subsidies for alternative energy. This included the Clean Energy Tax Act and other items.

The Buffett Rule

In 2012, Congresswoman Berkley co-sponsored legislation to enact the Buffett Rule. She stated that representatives who voted against the legislation opposed basic tax fairness and need to spend a little more time prioritizing the needs of hardworking Nevadans.

 

Economic Growth and Tax Relief Act

In March of 2001, Congresswoman Berkley spoke on the House floor in oppositon to the first round of the Bush tax cuts known as the Economic Growth and Tax Relief Act.

 

Taxpayer Assistance and Simplification Act of 2008

In April of 2008, Congresswoman Berkley spoke on the House floor in support of the Taxpayer Assistance and Simplification Act of 2008.

 

Eliminating the AMT

In June of 2008, Congresswoman Berkley issued a press statement noting her support for legislation to eliminate the AMT for a number of Americans.

 

Permanent Estate Tax Relief

In December of 2009, Congresswoman Berkley spoke on the House floor to support the Permanent Estate Tax Relief Act.

 

Tax Extenders Act

In December of 2009, Congresswoman Berkley spoke on the House floor in support of the Tax Extenders Act.

 

Middle Class Tax Relief Act of 2010

In December of 2010, Congresswoman Berkley issued a press statement noting her support for the Middle Class Tax Relief Act of 2010.

 

 

Middle Class Tax Cuts

In December of 2011, Congresswoman Berkley spoke on the House floor in support of extending the middle class tax cuts.

 

Clean Energy Jobs Act

In March of 2012, Congresswoman Berkley issued a press statement noting her support for the Clean Energy Jobs Act.

 

The Buffett Rule

In April of 2012, Congresswoman Berkley issued a press statement noting her support for the Buffet Rule.

 

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. Shelley Berkley voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Shelley Berkley 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. Shelley Berkley voted in favor of the AMT Relief Act of 2007.

Shelley Berkley 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. Shelley Berkley voted in favor of the Tax Increase Prevention Act of 2007.

Shelley Berkley 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. Shelley Berkley voted in favor of the Tax Relief and Health Care Act of 2006.

Shelley Berkley voted in favor of 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. Shelley Berkley voted against the Pension Protection Act of 2006.

Shelley Berkley voted against 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. Shelley Berkley voted against the Tax Increase Prevention and Reconciliation Act of 2005.

Shelley Berkley 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. Shelley Berkley voted in favor of the Working Families Tax Relief Act of 2004.

Shelley Berkley 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. Shelley Berkley voted against the American Jobs Creation Act of 2004.

Shelley Berkley 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. Shelley Berkley voted in favor of ending the marriage penalty.

Shelley Berkley 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. Shelley Berkley voted against the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Shelley Berkley voted against the Jobs and Growth Tax Relief Reconciliation Act of 2003.

Job Creation and Worker Assistance Act of 2002

The main provision of the Job Creation and Worker Assistance Act of 2002 was to create a bonus depreciation. This bonus depreciation allowed firms to claim extra deductions for depreciation of a long-term physical capital investment during the early years. This reduces corporate profits and therefore taxes. The act was supported by Republicans and opposed by Democrats 85-9. Shelley Berkley voted in favor of the Job Creation and Worker Assistance Act of 2002.

Shelley Berkley voted in favor of the Job Creation and Worker Assistance Act of 2002.

Death Tax Elimination Act of 2001

In 2001, the house voted on legislation to end the "Death Tax", otherwise known as the Estate Tax, which applies a tax to estates large than a given amount. The bill passed the house with the support of almost all Republicans and about 1/4 of the Democrats. Shelley Berkley voted in favor of the Death Tax Elimination Act of 2001.

Shelley Berkley voted in favor of the Death Tax Elimination Act of 2001.

Economic Growth and Tax Relief Reconciliation Act of 2001

The first piece of legislation was passed in 2001 as the Economic Growth and Tax Relief Reconciliation Act of 2001 The act was especially sweeping. Its two most prominent changes were a phased-in reduction in income tax rates and a reduction and eventual repeal (at the beginning of 2010) of the estate tax. It also provided a wide range of tax breaks for education, families with children, married couples, and contributions to certain kinds of savings accounts. While all republicans voted in favor of this legislation, most democrats opposed it. Shelley Berkley voted against the EGTRRA of 2001.

Shelley Berkley voted against the EGTRRA of 2001.

Marriage Tax Relief Reconciliation Act of 2000

In 2000, 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 vetoed by the President.

Death Tax Elimination Act of 2000

The house also attempted to pass a repeal of the Death Tax in 2000. This time, the bill was supported by almost all Republicans and by about 1/4 of the Democrats. The bill was vetoed by the President. Shelley Berkley voted in favor of the Death Tax Elimination Act of 2000.

Shelley Berkley voted in favor of the Death Tax Elimination Act of 2000.

 

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 2380; Death Tax Repeal Permanency Act of 2007 - Cosponsor

To make the repeal of the estate tax permanent.

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.

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