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.

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02/04/08
More cash sought for working poor

Y., has introduced a broad tax-restructuring bill, HR 3970, that would double the maximum earned credit for childless workers next year and increase the ...

Source: Kentucky.com, KY
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01/13/08
Congress Faces Familiar Problems in New Year on Plethora of Tax ...

House Ways and Means Committee Chairman Charles B. Rangel, D-New York, may advance his “mother of all reforms” (HR 3970), but the election atmosphere and ...

Source: Helicopter Association International, VA
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11/13/07
rangel tax hike fact of the day

charlie rangel sure does like tax increases. in fact, his large grab bag of tax increases in hr 3970 is almost too much to keep up with. to pay for full amt ...

Source: Town Hall, DC
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11/08/07
HOW THE RANGEL TAX BILL COULD AFFECT THE US ECONOMY

The economic effects of combining HR 3970 with a repeal of the Bush tax cuts would likely include the following: The output of the economy as measured by ...

Source: National Center for Policy Analysis, TX
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11/07/07
Capitol Loss

As part of his so-called “Mother of All Tax Increases” (HR 3970), Rangel would hike the capital gains tax rate by 63 percent. This will severely depress ...

Source: National Review Online, NY
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11/04/07
Late-breaking tax laws vex advisers, cpas

The tax bill, HR 3970, is a lengthy one. It allows married couples filing jointly to take an additional $850 as a standard deduction. ...

Source: InvestmentNews, NY
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10/25/07
Rangel Tax Plan: Depends on Which Ox is Getting ...

... R-Mo., who proceeded to attack Rangel’s $1.3 trillion tax package (HR 3970), offering a preview of a GOP campaign theme about tax-and-spend Democrats. ...

Source: Manufacturers' Blog, DC
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