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110th United States Congress (view source)
Revision as of 02:45, July 10, 2007
, 02:45, July 10, 2007→Tax increases: typo
==Tax increases==
==Tax increases==
House Energy and Commerce Committee Chairman [[John Dingell]] of Michigan announced a proposdal for a new carbon tax that would increase the gasoline tax by 50 cents. In addition to raising the gasoline tax, Dingell’s new proposal would institute a “double digit” tax on each ton of carbon dioxide emitted. <ref>[http://thehill.com/leading-the-news/dingell-to-propose-50-cent-gasoline-tax-increase-2007-07-07.html Dingell to propose 50 cent gasoline tax increase], By Chris Good, ''The Hill'', July 07, 2007.</ref>
House Energy and Commerce Committee Chairman [[John Dingell]] of Michigan announced a proposal for a new carbon tax that would increase the gasoline tax by 50 cents. In addition to raising the gasoline tax, Dingell’s new proposal would institute a “double digit” tax on each ton of carbon dioxide emitted. <ref>[http://thehill.com/leading-the-news/dingell-to-propose-50-cent-gasoline-tax-increase-2007-07-07.html Dingell to propose 50 cent gasoline tax increase], By Chris Good, ''The Hill'', July 07, 2007.</ref>
The ''[[Wall Street Journal]]'' reported in April House Ways and Means Chairman [[Charlie Rangel]] effectively declared the death of [[Reaganomics]] in America. Democrats have come up with an idea to slow the 17 million middle class Americans subject [[Alternative Minimum Tax]] (AMT). Changes in the AMT rate, and the treatment of dividends and capital gains, still leaves the budget at least $600 billion short of paying for the AMT fix. House Democrats have acknowledged that to close this final gap, they will have to consider raising personal income taxes.
The ''[[Wall Street Journal]]'' reported in April House Ways and Means Chairman [[Charlie Rangel]] effectively declared the death of [[Reaganomics]] in America. Democrats have come up with an idea to slow the 17 million middle class Americans subject [[Alternative Minimum Tax]] (AMT). Changes in the AMT rate, and the treatment of dividends and capital gains, still leaves the budget at least $600 billion short of paying for the AMT fix. House Democrats have acknowledged that to close this final gap, they will have to consider raising personal income taxes.