H.R. 3970, The Tax Reduction and Reform Act of 2007 (1 comment ↓)

  • This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

H.R. 3970 would amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax.

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November 25, 2007, 7:40pm (report abuse)

Why is my 'fair share' so much more than others'? I went to college, worked hard, excelled in my profession and all the while pumped my income back into the econmy by purchasing cars and homes, etc. Now my efforts are penalized becuase of how much I earn??? They want me to pay $9500 in AMT becuase I work hard? Maybe I should get a credit for the 2:00AM calls from China and Russia...Maybe I should get a credit for travelling on weekends to make my trips more productive. Those in lower positions get OT, I get to pay more taxes!

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