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John Campbell: “let's look at what this bill does. It basically leaves the alternative minimum tax the same as it is now. That is not a…”

On the recordNovember 9, 2007
let's look at what this bill does. It basically leaves the alternative minimum tax the same as it is now. That is not a tax cut. But to ``pay'' for leaving some taxpayers' taxes alone, they are going to raise other people's taxes. Now, I'm sure that in a moment the gentleman from Massachusetts will give some number of taxpayers in California he says will benefit from this. Those taxpayers will benefit from having their taxes the same as they are now. What the gentleman will not say is the number of taxpayers in California whose taxes will be increased by this bill, and there will be many. So some people's taxes stay the same and others go up. Mr. Speaker, this bill is a straight-up, direct, unadulterated tax increase. It will not be the last straight-up tax increase brought to you by this Congress.
Said by
John Campbell
California
Source
govinfo.gov

Editor's note · Context

Discussing the implications of a tax bill during a House floor debate.

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