Brian Bilbray on Tax Reform Republican Representative (CA-50)

Voted YES on extending AMT exemptions to avoid hitting middle-income.

1. increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts;
2. extend through 2008 the offset of personal tax credits against AMT tax liabilities; Reference: Alternative Minimum Tax Relief Act; Bill H.R.6275 ; vote number 2008-455 on Jun 25, 2008

   Voted NO on paying for AMT relief by closing offshore business loopholes.

   H.R.4351: To provide individuals temporary relief from the alternative minimum tax (AMT), via an offset of nonrefundable personal tax credits. [The AMT was originally intended to apply only to people with very high incomes, to ensure that they paid a fair amount of income tax. As inflation occurred, more people became subject to the AMT, and now it applies to people at upper-middle-class income levels as well. Both sides agree that the AMT should be changed to apply only to the wealthy; at issue in this bill is whether the cost of that change should be offset with a tax increase elsewhere or with no offset at all. -- ed.]

   Proponents support voting YES because:

   Rep. RANGEL: We have the opportunity to provide relief to upward of some 25 million people from being hit by a $50 billion tax increase, which it was never thought could happen to these people. Almost apart from this, we have an opportunity to close a very unfair tax provision, that certainly no one has come to me to defend, which prevents a handful of people from having unlimited funds being shipped overseas under deferred compensation and escaping liability. Nobody, liberal or conservative, believes that these AMT taxpayers should be hit by a tax that we didn't intend. But also, no one has the guts to defend the offshore deferred compensation. So what is the problem?

   Opponents recommend voting NO because:

   Rep. McCRERY: This is a bill that would patch the AMT, and then increase other taxes for the patch costs. Republicans are for patching the AMT. Where we differ is over the question of whether we need to pay for the patch by raising other taxes. The President's budget includes a 1-year patch on the AMT without a pay-for. That is what the Senate passed by a rather large vote very recently, 88-5. The President has said he won't sign the bill that is before us today. Republicans have argued against applying PAYGO to the AMT patch. In many ways PAYGO has shown itself to be a farce.

   Reference: AMT Relief Act; Bill HR4351 ; vote number 2007-1153 on Dec 12, 2007

   Voted YES on eliminating the "marriage penalty".

   Vote on a bill that would reduce taxes for married couple by approximately $195 billion over 10 years by removing provisions that make taxes for married couples higher than those for two single people. The bill is identical to HR 6 that was passed by the House in February, 2000. Reference: Bill sponsored by Archer, R-TX; Bill HR 4810 ; vote number 2000-392 on Jul 12, 2000

   Voted YES on $46 billion in tax cuts for small business.

   Provide an estimated $46 billion in tax cuts over five years. Raise the minimum wage by $1 an hour over two years. Reduce estate and gift taxes, grant a full deduction on health insurance for self-employed individuals, increase the deductible percentage of business meal expenses to 60 percent in 2002, and designate 15 renewal communities in urban rural areas. Reference: Bill sponsored by Lazio, R-NY; Bill HR 3081 ; vote number 2000-41 on Mar 9, 2000

   Repeal marriage tax; cut middle class taxes.

   Bilbray signed the Contract with America:

   [As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:

   The American Dream Restoration Act:
   A $500-per-child tax credit, begin repeal of the marriage tax penalty, and creation of American Dream Savings Accounts to provide middle-class tax relief.

   Source: Contract with America 93-CWA7 on Sep 27, 1994

   Click here for definitions & background information on Tax Reform. Click here for a profile of Brian Bilbray. Click here for HouseMatch answers by Brian Bilbray. Agree? Disagree? Voice your opinions on Tax Reform in The Forum. Click here for a summary of Brian Bilbray's positions on all issues. Click here for issue positions of other CA politicians.
   Other candidates on Tax Reform:		Brian Bilbray on other issues:
   CA Gubernatorial: Arnold Schwarzenegger CA Senatorial: Barbara Boxer Dianne Feinstein Democratic retirements & special elections: D,AL-5:Cramer D,CA-12:Lantos D,CO-2:Udall D,IN-7:Carson D,NY-21:McNulty D,ME-1:Allen D,MD-4:Wynn D,NM-3:Udall D,OR-5:Hooley Republican special elections: R,IL-14:Hastert R,LA-1:Jindal R,LA-6:Baker R,MS-1:Wicker R,OH-5:Gillmor	Republican retirements: R,AL-2:Everett R,AZ-1:Renzi R,CA-4:Doolittle R,CA-52:Hunter R,CO-6:Tancredo R,FL-15:Weldon R,IL-11:Weller R,IL-18:LaHood R,KY-2:Lewis R,LA-4:McCrery R,MD-1:Gilchrest R,MN-3:Ramstad R,MO-9:Hulshof R,MS-3:Pickering R,NJ-3:Saxton R,NJ-7:Ferguson R,NM-1:Wilson R,NM-2:Pearce R,NY-13:Fossella R,NY-25:Walsh R,NY-26:Reynolds R,OH-7:Hobson R,OH-15:Pryce R,OH-16:Regula R,PA-5:Peterson R,VA-11:Davis R,WY-0:Cubin	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families/Children Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Infrastructure/Technology Jobs Principles/Values Social Security Tax Reform War/Iraq/Mideast Welfare/Poverty

   
   Page last updated: Sep 16, 2008