Jason Altmire on Taxes

Last Updated : Apr 18, 2012

Summary

Congressman Altmire is middle of the road when it comes to taxes. He supported the Small Business Tax Act in 2007, stating that it will stimulate the economy adn allow businesses to hire more workers. He has also been supportive of eliminating the estate tax permanently, and supported the payroll tax in social security.

In press statements, Congressman Altmire stated that he supported the Bush tax cuts and that he repeatedly argued in favor of extending all of the 2001 and 2003 tax cuts, because they are necessary to keep our nation’s economic recovery moving forward. In a later televison appearance, Congressman Altmire stated that most Americans supported ending that cuts for the top two tiers and that he was open to that discussion.

 

Small Business Tax Relief Act

In August of 2007, Congressman Altmire issued a statement noting his support for the Small Business Tax Relief Act.

 

Permanent Estate Tax Relief

In December of 2009, Congressman Altmire issued a press statement noting his support for the Permanent Estate Tax Relief for Families Act.

 

Support for Tax Extensions

In December of 2010, Congressman Altmire released a press statement noting his support for the extension of all tax brackets.

 

Support for Extending the Social Security Tax Holiday

In December of 2011, Congressman Altmire appeared on MSNBC and discussed the social security tax holiday. He states that he supports extending the social security tax, that he does not support a millionaires tax to make up the difference in the social security income, and that he supports ending the top two tiers of the Bush tax cuts.

 

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. Jason Altmire voted in favor of the Alternative Minimum Tax Relief Act of 2008.

Jason Altmire 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. Jason Altmire voted in favor of the AMT Relief Act of 2007.

Jason Altmire 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. Jason Altmire voted in favor of the Tax Increase Prevention Act of 2007.

Jason Altmire voted in favor of the Tax Increase Prevention Act of 2007.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 1552; Start Up Expenses - Cosponsor

Amends the Internal Revenue Code to increase in taxable years beginning in 2009, 2010, or 2011: (1) the limit on the tax deduction for trade or business start-up expenditures from $5,000 to $20,000; and (2) the threshold amount for reducing such limit.

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