Mark Begich on Tax Reform Democratic Jr Senator

Extend tax cuts; and end the AMT

Mark Begich�s middle class tax plan will help Alaska families get ahead and reclaim the opportunities our state has to offer:
• Extend existing middle-class tax cuts. Mark Begich supports extending the tax cuts that work for Alaska families, such as marriage penalty relief and the increased child tax credit.
• Provide Relief For 43,400 Middle-Class Alaskans From The �Stealth Tax�: The Alternative Minimum Tax (AMT), or �stealth tax� was originally created in 1969 to make sure that the 155 wealthiest Americans could not avoid taxation. Because thi stealth tax was not inflation-proofed, it will mean higher taxes for approximately 43,400 middle-class Alaska families next year. The AMT unfairly punishes middle-class families moving up the ladder with a higher tax rate intended for millionaires. Source: 2008 Senate campaign website, www.begich.com , Aug 19, 2008

  Minimum tax rate of 30% for those earning over $1 million.

  Begich co-sponsored Paying a Fair Share Act
  Paying a Fair Share Act of 2012:
  • Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax).
  • Establishes the amount of such tax as the excess of the tentative fair share tax over the excess of the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year;
  • Provides for a phase-in of such tax.
  • Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013.
  • Expresses the sense of the Senate that Congress should enact tax reform that repeals unfair and unnecessary tax loopholes and expenditures, simplifies the tax system, and makes sure that the wealthiest taxpayers pay a fair share of taxes. Source: HR3903/S2230 12-S2230 on Mar 22, 2012

    Click here for definitions & background information on Tax Reform. Click here for a Wikipedia profile of Mark Begich. Click here for a Ballotpedia profile of Mark Begich. Click here for SenateMatch quiz answers by Mark Begich. Click here for AmericansElect quiz answers by Mark Begich. Click here for MyOcracy quiz answers by Mark Begich. Click here for Huffington Post quiz answers by Mark Begich. Click here for a summary of Mark Begich's positions on all issues. Click here for issue positions of other AK politicians. Click here for issue statements from AK archives.
    Other candidates on Tax Reform:		Mark Begich on other issues:
    AK Gubernatorial: Bill Walker Mead Treadwell Sean Parnell AK Senatorial: Dan Sullivan Joe Miller Mead Treadwell AK politicians AK Archives Retiring in 2014 election: GA:Chambliss(R) IA:Harkin(D) MI:Levin(D) MT:Baucus(D) NE:Johanns(R) SD:Johnson(D) WV:Rockefeller(D) Retired as of Jan. 2013: AZ:Kyl(R) CT:Lieberman(D) HI:Akaka(D) ND:Conrad(D) NM:Bingaman(D) TX:Hutchison(R) VA:Webb(D) WI:Kohl(D)	Senate races Nov. 2016: AK: Murkowski(R) vs.Begich(D) vs.Lamb(R) vs.Stevens(L) AL: Shelby(R) vs.Crumpton(D) vs.Bowman(R) AR: Boozman(R) vs.Eldridge(D) vs.Gilbert(L) vs.Beebe(D) AZ: McCain(R) vs.Ward(R) vs.Kirkpatrick(D) vs.Mealer(I) CA: Sanchez(D) vs.Harris(D) vs.Chavez(R) vs.Del Beccaro(R) vs.Sundheim(R) vs.Brannon(R) CO: Bennet(D) vs.Glenn(R) vs.Neville(R) vs.Frazier(R) vs.Keyser(R) vs.Littleton(R) CT: Blumenthal(D) vs.Kudlow(R) vs.Wolf(R) vs.Foley(R) FL: Jolly(R) vs.DeSantis(R) vs.Cantera(R) vs.Murphy(D) vs.Grayson(D) vs.Keith(D) GA: Isakson(R) vs.Nunn(D) vs.Barrow(D) vs.Grayson(R) vs.Buckley(L) HI: Schatz(D) vs.Cavasso(R) IA: Grassley(R) vs.Fiegen(D) vs.Hogg(D) vs.Krause(D) vs.Culver(D) ID: Crapo(R) vs.LaRocco(D) vs.Minnick(D) vs.Pro-Life(C) IL: Kirk(R) vs.Harris(D) vs.Zopp(D) vs.Duckworth(D) IN: Stutzman(R) vs.Hill(D) vs.Holcomb(R) vs.Young(R) vs.Bosma(R)	KS: Moran(R) vs.Orman(I) vs.Wiesner(D) vs.Sebelius(D) KY: Paul(R) vs.Conway(D) vs.Chandler(D) LA: Fleming(R) vs.Boustany(R) vs.Maness(R) vs.Kennedy(D) vs.Cao(R) vs.McAllister(R) MD: Edwards(D) vs.Van Hollen(D) vs.Flowers(G) vs.Szeliga(R) vs.Douglas(R) vs.Steele(R) MO: Blunt(R) vs.Kander(D) NC: Burr(R) vs.Rey(D) vs.Ross(D) vs.Wright(R) vs.Hagan(D) ND: Hoeven(R) vs.Marquette(L) NH: Ayotte(R) vs.Hassan(D) vs.Rubens(R) NV: Cortez-Masto(D) vs.Heck(R) vs.Angle(R) vs.Beers(R) NY: Schumer(D) vs.King(R) vs.Long(R) vs.Gibson(R) OH: Portman(R) vs.Strickland(D) vs.Sittenfeld(D) OK: Lankford(R) vs.Johnson(D) OR: Wyden(D) vs.Stine(D) vs.Callahan(R) PA: Toomey(R) vs.Stern(R) vs.Sestak(D) vs.McGinty(D) vs.Fetterman(D) SC: Scott(R) vs.Dickerson(D) SD: Thune(R) vs.Williams(D) UT: Lee(R) vs.Swinton(D) VT: Leahy(D) WA: Murray(D) vs.Vance(R) WI: Johnson(R) vs.Feingold(D) vs.Lorge(R)	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Jobs Principles Social Security Tax Reform Technology War/Peace Welfare Other Senators Senate Votes (analysis) Bill Sponsorships Affiliations Policy Reports Group Ratings
    Contact info: Email Contact Form Fax Number: 202-224-2354 Mailing Address: Senate Office SR-144, Washington, DC 20510

    
    
    
    
    
    Page last updated: Apr 28, 2016 Лучший частный хостинг