[Congressional Record Volume 154, Number 111 (Tuesday, July 8, 2008)]
[Extensions of Remarks]
[Page E1402]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        ALTERNATIVE MINIMUM TAX

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                            HON. TIM MAHONEY

                               of florida

                    in the house of representatives

                         Tuesday, July 8, 2008

  Mr. MAHONEY of Florida. Madam Speaker, as I stated for the record on 
June 26, 2008, I missed votes on June 25, 2008, due to the funeral of 
my friend, Mason Smoak.
  One of the votes I missed was a vote on the Alternative Minimum Tax 
(AMT). I applaud our leadership for its work to ensure that the AMT 
does not hit middle- and working-class families in a way that would not 
increase our national debt. I have voted against the AMT in the past--
and, had I been able to vote on June 25, 2008, I would have voted 
``no''--because changing the taxation on carried interest sends the 
wrong message that Congress values money more than ingenuity, with the 
unintended consequences potentially being a constriction of private 
capital to America's small businesses. It is my hope that Congress will 
continue to address this vital issue responsibly and in a bipartisan 
manner.

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