[Congressional Record Volume 153, Number 161 (Tuesday, October 23, 2007)]
[House]
[Page H11852]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        THE TAXPAYER CHOICE ACT

  (Mrs. BACHMANN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BACHMANN. Madam Speaker, I want to bring before the body this 
morning an issue that needs more attention, not less, and that is the 
issue of the huge blob that ate the American Dream called the 
alternative minimum tax. One thing that we are seeing is that the 
alternative minimum tax, Madam Speaker, is set to rise at a level so 
unprecedented that the American economy has not experienced anything 
like this in the last 40 years.
  Right now, the tax burden for the average American and to the economy 
is about 18.5 percent of GDP. If we don't scale back on the alternative 
minimum tax, we are looking at the tax burden of GDP being almost 24 
percent by mid-century. We have never seen this level of taxation in 
our GDP. This means this money will come out of the pockets of the 
American taxpayer and will go into the coffers of the Federal 
Government.
  This is a big concern, Madam Speaker, one that I am very concerned 
about, as I know most of the Members in this Chamber are as well.
  In 1969, when the alternative minimum tax came in, it was 155 people. 
I will close with the fact that this year we are looking at 23 million 
Americans impacted.

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