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S. 3098, The Alternative Minimum Tax and Extenders Tax Relief Act of 2008 (2 comments ↓ | 3 wiki edits: view article ↓)

  • This item is from the 110th Congress (2007-2008) and is no longer current.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.

S. 3098 would amend the Internal Revenue Code of 1986 to extend certain expiring provisions.

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Mike

June 19, 2008, 6:26pm (report abuse)

S.3125 IS PAID FOR. THIS IS NOT!!!

I've voted republican for 20 years and I cannot believe the GOP has become this fiscally irresponsible. They have made it their mission to not pay for anything and add to our deficit.

Joe

July 18, 2008, 10:27am (report abuse)

It will be very difficult to restrict the biodiesel credit to US consumed or produced biodiesel without it being a plain and direct infrigement of the prohibition of export subsidies under WTO rules. Europe has already opened a thorough investigation into the imports of subsidized US biodiesel which could very well lead to the adoption of a provisional tariff to compensate for the unfair advantage given to US producers. Competition should occur on a level playing field and distorsions are what cost the US taxpayers and ultimately what lead to higher prices crippling the customers' budget.

Farmers already benefit from record high food prices. They do not need additional subsidies.

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