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The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.

Richard Neal

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Richard Neal
Age: 75
Born: 1949
Born: February 14
Politician
U.S. Representative
Springfield
Massachusetts
Richard Edmund Neal
Richie Neal
Avoid
Burden
Benefits
Wealthiest
Taxes
Alternative
Americans
Minimum
Certain
Prevent
Designed
Alternatives

More quotes by Richard Neal

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The tax relief that this Congress has given now in terms of four tax cuts has overwhelmingly gone to the people at the very top of the income scale in America.
Richard Neal
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People really have to believe in their tax system. They have to believe that there is an equitable distribution of the burden, but there is also an important investment based upon the potential achievements that come from us paying our taxes.
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The Tax Code today is more complicated than ever, and the very people on the Republican side who denounce the Tax Code's complexity are the ones that put together what they now call a convoluted monstrosity. They put it into effect.
Richard Neal
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Let me say at the outset that I do not reflexively oppose international trade.
Richard Neal
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President Bush is manufacturing a crisis by suggesting that Social Security is in imminent danger. It is not.
Richard Neal
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Many injuries and deaths can be prevented through an understanding of the dangers of power lines, electrical appliances, extension cords, and lightning.
Richard Neal
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Inherited wealth, that is not what America is based upon.
Richard Neal
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Fundamentally, I believe that the U.S. can improve its international standing and its national security by expanding trade and strengthening its relationships with moderate Muslim countries.
Richard Neal
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We should stop arguing about tax cuts in this town.
Richard Neal
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Over the years, dozens of American companies have filed papers to trade in their U.S. corporate citizenship for citizenship in tax haven countries like Bermuda.
Richard Neal
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The slogan of the moderate Republican Party is this: we are rich, and we are not going to take it any more.
Richard Neal
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It is easy to talk about tax simplification, and we all know it is very difficult to accomplish but for the last three Congresses, I have offered a tax simplification bill that would include a paid-for repeal of alternative minimum tax.
Richard Neal
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Trade can really be good for American workers and American businesses.
Richard Neal
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Let me announce this to the American people tonight one of the best things about this debate, as a Democrat from Massachusetts, I have proposed eliminating, getting rid of the alternative minimum tax.
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More broadly, we are going to have to examine the safety net programs to make sure they are poised to catch the families before they fall even more, especially in the areas of unemployment benefits, child care assistance, and foster care.
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It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
Richard Neal
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Unfortunately, more and more Muslim voices are calling for boycotts of the United States and its products.
Richard Neal
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The number of electrical injuries cared for in hospitals in the US is estimated at as many as 50,000 the cost of these injuries on the US economy is estimated at over one billion dollars per year.
Richard Neal