The Shallow End

Tax Law Changes?

My first post-election post! As most of you know, Nancy Pelosi is to be the next speaker of the House, and thanks to Democratic control of both the House and the Senate, she's going to control the legislative agenda. What should we expect over the next two years? Here is her track record on taxes…

Pelosi's Tax Vote Record:

Voted "NO" on retaining reduced taxes on capital gains and dividends. (December 2005)

Voted "NO" on providing tax relief. (September 2004)

Voted "NO" on making permanent an increase in the child tax credit. (May 2004)

Voted "NO" on permanently eliminating the marriage penalty. (April 2004)

Voted "NO" on making the Bush tax cuts permanent. (April 2002)

Voted "NO" on a $99 billion economic stimulus package that included capital gains & income tax cuts. (October 2001)

Voted "NO" on tax cut package of $958 billion over 10 years. (May 2001)

Voted "NO" on eliminating the estate tax (death tax). (April 2001)

Voted "NO" on eliminating the marriage penalty. (July 2000)

Voted "NO" on $46 billion in tax cuts for small business. (March 2000)

Thank goodness she is not moving into a really powerful position, like chairman of the House Ways and Means Committee.

Whee, we're in for some fun now!

posted by Gwynne @ 5:44 PM