[Congressional Record (Bound Edition), Volume 150 (2004), Part 6]
[House]
[Pages 8263-8264]
[From the U.S. Government Publishing Office, www.gpo.gov]




             CONGRESS SHOULD PASS PERMANENT AMT TAX RELIEF

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, this week we will vote on 
H.R. 4227, the Middle-Class Alternative Minimum Tax Relief Act of 2004. 
We need to pass this important bill, sponsored by the gentleman from 
Connecticut (Mr. Simmons), to avoid 11 million taxpayers being hit with 
an average tax increase of $1,520.
  The AMT Tax Relief Act will ensure that this bipartisan tax relief 
will continue through 2005. As our economy continues its strong 
recovery, we must make sure that middle-income families keep more of 
their own money.

[[Page 8264]]

  Without the AMT Tax Relief Act, millions of middle-income families 
will face a tax increase next year by being forced into paying the 
alternative minimum tax. Married couples will see their AMT exemption 
drop from $58,000 to $45,000. Single individuals will see their AMT 
exemption drop from $40,250 to $33,750.
  I urge my colleagues to join me in supporting continued tax relief 
for American families. Vote ``yes'' on H.R. 4227.
  In conclusion, may God bless our troops. We will never forget 
September 11.

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