Cut­ting taxes

The Washington Times Weekly - - National -

If, as colum­nist Bob No­vak fa­mously said, God put Repub­li­cans on this earth to cut taxes, Rep. Michele Bach­mann, Min­nesota Repub­li­can, ap­pears to be a true be­liever.

Speak­ing Nov. 9 at the Her­itage Foun­da­tion be­fore the monthly gath­er­ing of the Con­ser­va­tive Women’s Net­work, Mrs. Bach­mann called tax leg­is­la­tion be­ing drafted by Rep. Charles B. Ran­gel, New York Demo­crat and chair­man of the tax-writ­ing House Ways and Means Com­mit­tee, “the mother of all tax in­creases.”

The fresh­man law­maker said Mr. Ran­gel’s pro­posal — nom­i­nally in­tended to ad­dress the un­in­tended, but im­mi­nent, in­crease in the tax bur­den of the Al­ter­na­tive Min­i­mum Tax (AMT) on the mid­dle class — would raise taxes $3.5 tril­lion over 10 years.

If noth­ing is done, she said, over the next 10 years the AMT will raise taxes $841 bil­lion.

“You think taxes are high now?” Mrs. Bach­mann, 51, told the mostly fe­male au­di­ence at the event, co-spon­sored by the Clare Boothe Luce Pol­icy In­sti­tute. “You will see the death of job cre­ation in this coun­try.”

Mrs. Bach­mann, a for­mer state sen­a­tor and one of two fresh­man Repub­li­can women in the House, is co-spon­sor of a Repub­li­can taxre­form al­ter­na­tive to the Ran­gel mea­sure.

But un­like Mr. Ran­gel’s leg­is­la­tion, the Tax­payer Choice Act — which, among other things, would make per­ma­nent the cap­i­tal-gains and div­i­dend tax re­lief of 2003 — would also re­peal the AMT.

“Just get rid of it,” she said.

Greg Pierce can be reached at 202/636-3285 or gpierce@wash­ing­ton­times.com.

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