Taxes

I support the enactment of a fairer, simpler tax code and a middle-class tax relief plan that works for working families, including the extension of marriage-penalty relief, the child tax credit, the permanent adjustment of the Alternative Minimum Tax (AMT), and the expansion of the ten percent individual income tax bracket.

I oppose the creation of a national sales tax, which would increase the tax burden on everyone except the wealthiest 5% of North Carolinians. I also oppose complete repeal of the estate tax because it would benefit only the most affluent Americans and leave many middle class families paying more in taxes, not less.

Our country needs common-sense economic proposals that strengthen small business, target tax cuts to where they're needed, and stimulate our economy. To that end, in the 111th Congress I supported bills to simplify the tax code, provide tax relief to middle-income taxpayers and businesses that hire workers, and extend tax credits to American companies investing in job-creating innovation, especially in the field of alternative energy.

In his State of the Union Address, President Obama promised that this year, for the first time ever, American taxpayers would be able to go online and see exactly how their federal tax dollars are spent. By entering a few pieces of information about your taxes, the taxpayer receipt will give you a breakdown of how your tax dollars are spent on priorities like education, veterans benefits, or health care. Get your 2010 federal taxpayer receipt here.

Find out if you are eligible for the EITC (Earned Income Tax Credit).

Related Information

The Alternative Minimum Tax (AMT)

Price Testimony to Budget Committee on Flat Tax