Political Quotes

“I want to thank the gentleman from Michigan, Chairman Camp, for his work on this important legislation. H.R. 4719, the America Gives More Act of 2014, is a package of bipartisan bills to improve or make permanent several tax rules governing charitable donations. Especially, I would like to speak to a provision in the bill concerning Alaska Native Corporations. Alaska Native Corporations generally pay Federal corporate tax at the highest marginal rate but are not able to take advantage of many of the corporate tax credits like the other corporations. {time} 1145 Under the current Tax Code, the Federal Government provides favorable tax treatment for conservation easements donated by certain corporations owned by farmers and ranchers. Considering that in Alaska, Native corporation lands have high conservation value and lack access to many other corporate tax credits, it makes sense to extend these favorable tax benefits to Alaska Native corporations. I must make it clear this provision does not mandate the creation of conservation easement, but allows Alaska Native landholders to determine themselves which lands will be best suited. I strongly support this provision and underlying bill. Mr. Speaker, it is always interesting. We talk about our good chairman's proposal for tax reform. If I remember correctly, that side of the aisle criticized that tax reform badly, and did not do it when they were in the majority.…”