Wednesday, May 10, 2006

Thanks Ginny

Congresswoman Ginny Brown Waite voted today on the Tax Increase Prevention and Reconciliation Act of 2005 which extends the alternative minimum tax relief, the increased limit on small business expensing, and the low rates on capital gains and dividends which passed 244-185 on a bi-partisan vote. Congresswoman Brown-Waite also was able to gain a commitment from House Ways and Means Chairman Bill Thomas to pass legislation to extend the state and local sales tax deduction for Florida taxpayers in an future subsequent round of tax legislation. Representative Brown-Waite was quoted as saying, "The state sales tax deduction brings huge benefits for all Floridians. Since Florida has no state income tax, our residents are unable to take that deduction from their Federal tax liability like those in other states can. We changed that dynamic to allow this deduction. This is an issue of fairness and one that Congress must address and make permanent." Thanks, Ginny for all your hard work!

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