Alaska has always been a land of opportunity for those who work hard. Unfortunately, the Bush economic plan has left Alaska’s middle class families behind, benefiting only the wealthiest of the wealthy.
Mark Begich’s middle class tax plan will help
Alaska families get ahead and reclaim the opportunities our state has to offer:
Extend existing middle-class tax cuts. Mark Begich supports extending the tax cuts that work for Alaska families, such as marriage penalty relief and the increased child
tax credit.
Provide Relief For 43,400 Middle-Class Alaskans From The “Stealth Tax”: The Alternative Minimum Tax (AMT), or “stealth tax” was originally created in 1969 to make sure that the 155 wealthiest Americans could not avoid taxation. Because thi
stealth tax was not inflation-proofed, it will mean higher taxes for approximately 43,400 middle-class Alaska families next year. The AMT unfairly punishes middle-class families moving up the ladder with a higher tax rate intended for millionaires.
Source: Campaign website, www.begich.com
Aug 19, 2008
