H.R.3970 - Tax Reduction and Reform Act of 2007

To 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, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Tax Reduction and Reform Act of 2007 as introduced.
  • Official: To 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, and for other purposes. as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

View All (179)

10/29/11
The top 1000 Seo-Sem-USA-Genmany! 2011-2012

420. www.opencongress.org, OpenCongress - 112th Congress - Track bills, votes, senators, and representatives in the U.S. Congress. 421. www.t-mobile.hu, T-Mobile. 422. www.cmb.ac.lk, University of Colombo ...

Source: max
Add to My Political Notebook Save to Notebook Rate
07/30/10
The GOP and insane resistance « Later On

(Sources: H.R. 4038, “Common Sense Health Care Reform & Accountability Act” (Republican Substitute bill); H.R. 3970, “Medical Rights & Reform Act” (Kirk bill)). Allows automatic enrollment by employers in health insurance: ...

Source: LeisureGuy
Add to My Political Notebook Save to Notebook Rate
03/24/10
The Long Reach of Obamacare | The American Catholic

http://www.opencongress.org/bill/111-h1495/show. http://www.opencongress.org/bill/111-h3400/show. http://www.opencongress.org/bill/111-h3218/show. http://www.opencongress.org/bill/111-h3970/show ...

Source: Joe Hargrave
Add to My Political Notebook Save to Notebook Rate
02/25/10
Your Guide to the WH Health Care Summit - Blog - OpenCongress

Link Reply. + 0. ↓. ↑ Overall Rating: 5.0 | 0 of 0 found useful. you need to have the richest men in the world here in the debate their the real controllers of the goverment…all this talk talk talk……. Filtered Comment [ show ] ... W

Source: Donny Shaw
Add to My Political Notebook Save to Notebook Rate
10/28/09
H.R.3970: Medical Rights and Reform Act of 2009 - U.S. Congress ...

Chairman Rangel fabricated a proposal in 2007 (HR 3970) which died in board.? (Here's a hotlink to the text: http://www.govclue.us/assembly/billargument.xpd?bill=h110-3970.)?? See Sec. 3201 of the bill. ... Source: best basketball shoes .... OpenCongre

Add to My Political Notebook Save to Notebook Rate
07/14/09
H.R.3217: Health Care Choice Act of 2009 - U.S. Congress ...

Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build pub

Add to My Political Notebook Save to Notebook Rate
05/19/09
H.R.2516: Medical Rights Act of 2009 - U.S. Congress - OpenCongress

HR2516 Medical Rights Act of 2009. To guarantee the rights of patients and doctors against Federal restrictions or delay in the provision of privately-funded health care. Source: Open Congress : Top 20 Bills Most Written. ... Related Bills. H.R.3970 Medica

Add to My Political Notebook Save to Notebook Rate
05/18/09
S.1110: Medicare Payment Advisory Commission (MedPAC) Reform Act ...

Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build pub

Add to My Political Notebook Save to Notebook Rate
01/04/09
TaxProf Blog: NYSBA Releases Tax Reports

Proposed § 336(e) Regs (1174); International Provisions of H.R. 3970 and Effects of Reduction in Corporate Tax Rate (1173); Investor-Owned Life Insurance (1172). January 5, 2009 in NYSBA Tax Section | Permalink ...

Add to My Political Notebook Save to Notebook Rate
11/25/08
CQ Politics | Democrats May Let Taxes on Wealthy Rise Without ...

However, Baucus was one of the architects of the 2001 bill and Rangel’s “mother of all tax reforms” ( HR 3970 ) was silent on the question of repeal. Without a clear push from Obama, it could be politically advantageous for members to ...

Add to My Political Notebook Save to Notebook Rate
11/25/08
CQ Politics | Democrats May Let Taxes on Wealthy Rise Without ...

However, Baucus was one of the architects of the 2001 bill and Rangel’s “mother of all tax reforms” ( HR 3970 ) was silent on the question of repeal. Without a clear push from Obama, it could be politically advantageous for members to ...

Add to My Political Notebook Save to Notebook Rate
11/15/08
Hot Air » Blog Archive » Rangel’s other shoes

Rangels’ bill (HR-3970) will also eliminate the limited social security tax relief of being taxed as an S-corp. In addition to all applicable income taxes, all income will be taxed at 15% for SS/Medicare instead of wages being taxed at ...

Add to My Political Notebook Save to Notebook Rate
11/03/08
RE: Mcain wins in landslide! Dems cry foul!

HR 3970 is part of an even larger approach to tax policy change that focuses on repeal of the Bush tax cuts. Because the Bush tax cuts expire within Congress's current budget window and because the Ways and Means Committee is not moving ...

Add to My Political Notebook Save to Notebook Rate
10/22/08
ESOP Hot Topic Legislative Issues

Section 3701 of HR 3970: Tax Reduction and Reform Act of 2007; H. Con. Res. 333: Expressing continued support for employee stock ownership plans; Co-Sponsors Added to The ESOP Promotion and Improvement Act of 2007 (S. 1322) ...

Add to My Political Notebook Save to Notebook Rate
10/14/08
Deadline Looms for AMT Fix

... taxpayers to defer unlimited amounts of their offshore compensation--House Ways and Means Chairman Charles Rangel's (D-New York) Tax Reduction and Reform Act of 2007 (H.R. 3970) and Senator John Kerry (D-Massachusetts) and Rep. ...

Add to My Political Notebook Save to Notebook Rate
10/07/08
MAPI Says Tax Bill Would Hurt US Manufacturers

The Tax Reduction and Reform Act (HR 3970), sponsored by Rep. Charles Rangel, would be harmful to US businesses and result in job losses, according to a report from the Manufacturers Alliance/MAPI. Economic Consultant Jeremy Leonard ...

Add to My Political Notebook Save to Notebook Rate
09/26/08
Andrea's Pro-Obama Editor's Cut | NewsBusters.org

He blew it on the 95% nonsense - I, for one, will see a big increase in my tax burden under the D plan (see HR 3970) due to the expansion of application of self-employment SS tax, and I make less than 250k. ...

Add to My Political Notebook Save to Notebook Rate
09/26/08
Moonbattery: Obama "Truth Squads"

I've said it before and I will say it again, that plan (HR 3970) will raise my tax burden significantly, and I do not make $250k. (hint: when BO talks about reforming corporate tax law, the changes don't just apply to big companies). ...

Source: Moonbattery
Add to My Political Notebook Save to Notebook Rate
09/21/08
MAPI Says Tax Bill Would Harm, Not Help, US Manufacturers

HR 3970 would increase tax burden and result in millions of lost jobs, says industry group.

Add to My Political Notebook Save to Notebook Rate
09/21/08
MAPI Says Tax Bill Would Harm, Not Help, US Manufacturers

HR 3970 would increase tax burden, and result in millions of lost jobs, says industry group.

Add to My Political Notebook Save to Notebook Rate
09/21/08
MAPI report says tax bill will hurt US manufacturers

Second, many of the tax preferences that HR 3970 proposes to eliminate, such as the last-in, first-out (LIFO) accounting and the domestic production credit, can be, and are, claimed by non-corporate business. Web Report: Industry Week.

Source: Untitled
Add to My Political Notebook Save to Notebook Rate
09/21/08
MAPI Says Tax Bill Would Harm, Not Help, US Manufacturers

HR 3970 would increase tax burden, and result in millions of lost jobs, says industry group.

Add to My Political Notebook Save to Notebook Rate
09/16/08
Moonbattery: Biden: Letting Us Take Your Money Is "Patriotic"

Just in case I haven't mentioned it enough lately, I make less than $250000, and my tax burden will go up significantly under Rangel's tax bill HR 3970 (which matches Obama's rhetoric, but with more specifics). ...

Source: Moonbattery
Add to My Political Notebook Save to Notebook Rate
09/07/08
Right Truth: You couldn't get a job at McDonalds and become ...

Maybe I'm becoming a broken record, but Obama's plan is similar to Rangel's tax bill (HR 3970) that is in his committee right now - going nowhere because of a promised veto by Bush. If the bill becomes law (likely if Obama gets elected) ...

Source: Right Truth
Add to My Political Notebook Save to Notebook Rate
08/13/08
Closing Tax Gap | The New America Foundation

For example, Congressman Rangel's tax reform bill, HR 3970 (110th Congress) included basis reporting on 1099s for stock sales. This proposal was also included in a housing bill HR 5720 as well as a stand-alone bill, HR 878. ...

Add to My Political Notebook Save to Notebook Rate
08/13/08
Voting with your pocketbook

The bill targets the investment management industry and really lays it on thick. Link to HR 3970...the death of the investment management industry and the beginning of the socialist movement in America.

Add to My Political Notebook Save to Notebook Rate
08/12/08
Paul Weyrich : The Party of the Rich... But Which Party ...

These Democrats have pushed for passage of H.R. 3970, the Tax Reduction and Reform Act of 2007. The bill, proposed by House Ways and Means Committee Chairman Charles B. Rangel (D-NY), would eliminate the middle class from the ...

Add to My Political Notebook Save to Notebook Rate
07/30/08
CQ Politics | Obama Campaign Tests Legislative Waters for Post ...

House Ways and Means Chairman Charles B. Rangel ’s “mother of all bills” ( HR 3970 ) would lower the corporate income tax rate and eliminate corporate tax preferences, while Obama has not been specific on corporate taxes. Rangel, D-N. ...

Add to My Political Notebook Save to Notebook Rate
07/28/08
obama will work with congress

house ways and means chairman charles b. rangel ’s “mother of all bills” (hr 3970) would lower the corporate income tax rate and eliminate corporate tax preferences, while obama has not been specific on corporate taxes. rangel, dn. ...

Add to My Political Notebook Save to Notebook Rate
07/26/08
CQ Today - Obama Campaign Tests Legislative Waters for Post ...

House Ways and Means Chairman Charles B. Rangel ’s “mother of all bills” ( HR 3970 ) would lower the corporate income tax rate and eliminate corporate tax preferences, while Obama has not been specific on corporate taxes. Rangel, D-N. ...

Source: CQ Midday
Add to My Political Notebook Save to Notebook Rate

Vote on This Bill

100% Users Support Bill

2 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC
Save to Notebook Make A Bill Widget

OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a mission to increase civic engagement. The non-profit Sunlight Foundation is the Founding and Primary Supporter of OpenCongress.