Tuesday, July 10, 2012

Waxman the Taxman

From "The Political Guide" -- an outline of Henry Waxman's stand on tax bills in the House of Representatives:

http://www.thepoliticalguide.com/Profiles/House/California/Henry_Waxman/Views/Taxes/

Henry Waxman loves to collect and spend other people's money.
Spends Other People's Money
He has consistently voted against any tax relief for the struggling middle class in this country.

For over a decade, the long list of tax relief proposals met stiff opposition from one of the most oppositional members of Congress. In a number of bills, he voted against a bill which a sizable minority and even a majority of Democrats supported!

Waxman is a outlier, to the say the least, a marginal politician who opposes any legislation which will keep the American people's money in their hand and out of the clutches of the federal government.

Here is a considerable sample of tax relief proposals, all of which Waxman voted against:

Tax Relief and Health Care Act of 2006
The Tax Relief and Health Care Act of 2006 was passed into law in 2006 and contained a wide array of tax cut extensions for everything from making improvements to your house, to state and local sales tax exemptions, and to make improvements to DC. It also contained a provision for health savings accounts. The bill got wide support and passed the house with about 25% of Democrats opposing it. Henry Waxman voted against the Tax Relief and Health Care Act of 2006.
Henry Waxman voted against the Tax Relief and Health Care Act of 2006.

If Mr. Waxman really wanted to improve the impoverished state of health care in this country, as he claims, then why did he vote down a provision which would have permitted consumers to purchase health savings accounts? The initiative for individuals to invest in their own health, and maintain the fund as a tax credit while preventing uninsured from

Pension Protection Act of 2006
The Pension Protection Act of 2006 addressed regulations governing employer-sponsored pensions and acted to make the portions of the 2001 act which allowed higher contributions to IRAs. with the support of both parties. The bill got wide support from both parties and passed 279-131. Henry Waxman voted against the Pension Protection Act of 2006.
Henry Waxman voted against the Pension Protection Act of 2006.
Tax Increase Prevention and Reconciliation Act of 2005

Congressman Waxman has demonstrated such a stiff resistance to easing the tax burden on Americans, that much of the time he even votes against his own Democratic caucus!

Tax Increase Prevention and Reconciliation Act of 2005
The Tax Increase Prevention and Reconciliation Act of 2005 extended previously lowered dividend income and capital gains through 2010, and made an increase to the AMT exemption. It also eliminated income restrictions on high-income taxpayers for converting traditional Individual Retirement Accounts (IRAs) to Roth IRAs. Most Republicans supported the legislation and about 1/3 of the Democrats supported it. The bill passed in a 234-197 vote with the support of both parties. Henry Waxman voted against the Tax Increase Prevention and Reconciliation Act of 2005.

Working Families Tax Relief Act of 2004
The Working Families Tax Relief Act of 2004 extended the 10 percent bracket on income tax created in the 2001 legislation, doubled the child tax credit, extended the previous AMT exemption and the Work Opportunity Tax Credit. The legislation was widely supported and passed 339-65. Henry Waxman voted against the Working Families Tax Relief Act of 2004.
Henry Waxman voted against the Working Families Tax Relief Act of 2004.

Waxman the Taxman against working families! Even with wide support, Waxman said "No!" I wonder how many working families in the West LA region would have benefited from this tax write off? How many of them are aware of Mr. Waxman's attachment of taking other people's money?

American Jobs Creation Act of 2004
The American Jobs Creation Act of 2004 allowed individuals to claim a deduction for state and local sales taxes paid, in lieu of deducting state income taxes. It also increased tax credits for business investment abroad, and temporarily increased the expensing provisions for corporations. The bill passed 251-178 with the support and opposition of both parties. Henry Waxman voted against the American Jobs Creation Act of 2004.
Henry Waxman voted against the American Jobs Creation Act of 2004.

Waxman the Taxman against jobs, the hyperpartisan once again out of step with both parties in Congress.

A bill to end the marriage penalty
In 2004, the house voted on a bill to fix the marriage penalty tax. The bill increased the standard deduction for married taxpayers and increased the deducitons for the 15 percent bracket. The bill got wide support in the vote and passed with only 1/3 of the Democrats opposing it. The bill was not brought up for a vote in the Senate. Henry Waxman voted against ending the marriage penalty.
Henry Waxman voted against ending the marriage penalty.

Waxman has a problem with marriage, too, apparently. Holy matrimony should not leave a hole in a married couple's wallet, purse, or bank account.

Death Tax Elimination Act of 2001
In 2001, the house voted on legislation to end the "Death Tax", otherwise known as the Estate Tax, which applies a tax to estates large than a given amount. The bill passed the house with the support of almost all Republicans and about 1/4 of the Democrats. Henry Waxman voted against the Death Tax Elimination Act of 2001.
Henry Waxman voted against the Death Tax Elimination Act of 2001.

Two sure things in this life: death and taxes, and Waxman the Taxman loves combining them both.

Economic Growth and Tax Relief Reconciliation Act of 2001
The first piece of legislation was passed in 2001 as the Economic Growth and Tax Relief Reconciliation Act of 2001 The act was especially sweeping. Its two most prominent changes were a phased-in reduction in income tax rates and a reduction and eventual repeal (at the beginning of 2010) of the estate tax. It also provided a wide range of tax breaks for education, families with children, married couples, and contributions to certain kinds of savings accounts. While all republicans voted in favor of this legislation, most democrats opposed it. Henry Waxman voted against the EGTRRA of 2001.
Henry Waxman voted against the EGTRRA of 2001.

Waxman the Taxman would be out of a job if he endorse any tax breaks for the American people, apparently. The residents of the 33rd Congressional District command a great deal of wealth and investment. The aerospace industry and small businesses throughout the South Bay cannot afford to send to Congress a politician who never met a tax increase he never liked and who has yet to meet any tax relief which he has not rejected.

Marriage Tax Relief Reconciliation Act of 2000
In 2000, the house voted on a bill to fix the marriage penalty tax. The bill increased the standard deduction for married taxpayers and increased the deductions for the 15 percent bracket. The bill got wide support in the vote and passed with only 1/3 of the Democrats opposing it. The bill was vetoed by the President.
Death Tax Elimination Act of 2000
The house also attempted to pass a repeal of the Death Tax in 2000. This time, the bill was supported by almost all Republicans and by about 1/4 of the Democrats. The bill was vetoed by the President. Henry Waxman voted against the Death Tax Elimination Act of 2000.

Waxman the Taxman has a penchant for taxing everything, even the important rites of passage like Marriage and death. Would he also impinge on births, baptisms, and bar mitzvahs?

Waxman the Taxman: a taxing choice not worth the taking

No More Taxes -- No More Waxman -- Retire the Taxman November 6, 2012!

Bill Bloomfield for the 33rd!

1 comment:

  1. Wow Arthur this was a great read! I was reading articles on tax debt relief when I came across your blog and I'm happy I did because I did not know all of this about Henry Waxman. Thank you for sharing this with us.

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