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Taxes Legislative Alerts
Today AFP joined a group of 16 conservative coalition partners in renewing their strong opposition to the NAT GAS Act and urging Members of Congress to reject the legislation in 2012.
H.R. 1380, introduced by Representative John Sullivan (R-OK), and S. 1863, introduced by Senator Robert Menendez (D-NJ), would create new and expand existing special tax treatments for the production, conversion, and sale of of natural gas-powered vehicles -- all at a time when Congress should be simplifying the tax code instead of adding more special handouts for favored interests.
The text of the letter can be found below. For more on how special energy tax subsidies can be harmful to the American economy, be sure to check out Americans for Prosperity Foundation's "Need to Know" memo on the topic.
While most of the reporting has focused on the political implications of the Hosue rejecting the Senate's two-month payroll tax holiday, the far more important question is whether the Senate bill is sound public policy. It is not. Not only did the most past a vastly superior version that extended the holiday for a full year and addressed numerous other economic issues, but the Senate version is fatally flawed in its implementation of a two-month holiday.
To be clear, the bill does not cleanly extend the current Social Security employee share of 4.2 percent for two months. Instead, it creates a two-tiered payroll tax with a rate of 4.2 percent for the first $18,350 of income in those 60 days, with a 6.2 percent rate above that. For the first time, we would have a graduated, progressive system of tiered rates for payroll taxes.
Dear Representative Garrett,
On behalf of 1.8 million Americans for Prosperity activists in all 50 states, I commend you and your colleagues on the Republican Study Committee for introducing H.R. 3400, the Jobs Through Growth Act. Your legislation presents a clear and strong alternative to the President’s flawed vision for how to fix the economy: instead of raising taxes and growing government, your proposal would get government out of the way and give individuals and entrepreneurs in the private sector the freedom they need to drive innovation and job growth in this country.
America has been presented with two choices. In September, the President unveiled his American Jobs Act: $447 billion in new spending on Democrats’ favorite big-government “stimulus” priorities” – all paid for by imposing higher taxes on America’s job creators.
Dear Representative Pompeo,
On behalf of more than 1.8 million Americans for Prosperity activists in all 50 states, I write in strong support of H.R. 3308, your bill to end the federal government’s long-standing and highly-unproductive practice of using the tax code to pick winners and losers in energy markets.
[img_assist|nid=25346|title=|desc=|link=url|url=http://americansforprosperity.org/taxes|align=left|width=79|height=95]Late last week, a group of 100 U.S. Representatives sent a letter to the so-called Super Committee urging the handpicked group of twelve legislators to consider “all options for mandatory and discretionary spending and revenues” in order to reach the committee’s goal of $1.2 trillion in deficit reduction over the next ten years. In Washington, speak this is code for raising taxes.
Among this list is 40 Republicans whose capitulation encouraging the committee to raise taxes is troubling. We shouldn’t be surprised to see 60 Democrats seizing on the opportunity to drive a wedge between conservatives intent on restoring economic growth by keeping taxes low and Republican lawmakers who are starting to throw in the towel on keeping pressure on Democrats to cut spending.