The Federal Tax Credits Blog

Question: If there is no cost to cap and tax why does it include a ‘credit to offset lost purchasing power’ 4 low income?

people only?

What about the middle class already hit hardest by everything else?

“Some interesting and disturbing points about HR 2454:

“Amends the Internal Revenue Code to allow certain low income taxpayers a refundable energy tax credit to compensate such taxpayers for reductions in their purchasing power, as identified and calculated by the Environmental Protection Agency (EPA), resulting from regulation of GHGs.”

And

“Requires: (1) the Administrator to implement the Energy Refund Program to give low-income households a monthly cash energy refund equal to the estimated loss in purchasing power resulting from this Act;”

The proposal itself acknowledges the loss of income all American’s will experience and tries to offset this loss for low income classes. Essentially the resolution that has been proposed admits that it is a new tax (loss of purchasing power) on the middle class.

Thoughts?

Answer: Thank You for showing those who don’t believe that it won’t tax although we could be talking with teens and young adults who don’t pay utility bills.

YOU KNOW I am starting to HOPE this will pass.

Why NOT!

Let the entire USA see what a JOKE this is and how it won’t create jobs but lose millions of jobs and collapse our economy.

The Congress also gave a Pass to this tax to businesses for their Representatives VOTE.

Could it get any worse.

CENTRAL JERSEY: Towns get back withheld aid from state

Christmas may be a bit merrier for area towns now that the state has announced the frozen December payments of Consolidated Municipal Property Tax Relief Act aid have been restored.

Nebraska Property Tax Credit Act Change LB 13

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