1-7 IAT Simpson Votes

Simpson Supports Permanent Relief for American Taxpayers

Idaho Congressman votes in favor of bill that cuts taxes next year for 99 percent of Idaho taxpayers

Idaho Congressman Mike Simpson voted in support of H.R. 8 – the American Taxpayer Relief Act. Among its provisions, H.R. 8 cuts taxes for nearly all taxpayers. The measure also permanently fixes the Alternative Minimum Tax and provides a $10 million per couple exemption from the estate tax.

Here is the congressman’s spokesperson, Nikki Watts: “While Congressman Mike Simpson remains a strong proponent of a more comprehensive approach to solving our nation’s long-term fiscal crisis, this bill is a critical piece of legislation that lowers taxes for nearly every taxpayer. “The unfortunate reality is that under current law every taxpayer was hit today with a tax increase. The bill we passed blocks those tax increases for nearly all Americans -- effectively lowering the taxes they were to begin paying today. It is also important to note that H.R. 8 will provide permanent tax certainty for individuals, families, businesses, and farmers who are ready to invest their money but have been reluctant to do so without knowing how much they’ll be taxed. Resolution of the tax rate uncertainty is critical to economic recovery and job creation.”

Simpson also stressed his strong belief that Congress and the White House must agree to a larger, more comprehensive package of spending cuts and reforms to entitlement programs and the tax code to put our nation on a stronger fiscal footing.