Doggett offers amendment to restore alternative minimum tax
4:05 p.m.
Rep. Lloyd Doggett (D-Texas) offered an amendment to restore the alternative minimum tax in the bill.
Doggett said that repealing the alternative minimum tax “would be a gift directly to President Trump.”
A leaked copy of Trump’s 2005 tax returns showed that most of the income tax he paid for that year was because of the alternative minimum tax.
Doggett amendment would keep student loan interest deduction
10:20 a.m.
Rep. Lloyd Doggett (D-Texas) introduced a bill to keep a series of deductions for education, such as student loan interest and tuition and fees deductions, in place, worth about $65 billion.
“Instead of investing in people and our education, this Republican bill takes away those tax incentives and tax benefits that benefit education.”
Lewis introduces measure to keep Johnson Amendment in place
10:10 a.m.
Rep. Lloyd Doggett (D-Texas) highlighted the particularly controversial effect of scrapping the amendment, which would then allow churches to explicitly endorse and organize around particular candidates and parties — and use tax-deductible funds to do it.
“I believe these religious leaders realize that we don’t need a First Church of Political Expediency, or a United Congregation of Available Endorsements, or a Mega-Church of Mega PACs,” he said.
