Don Young’s History Fairbanks vs. Don Young

Don Young supported tax cuts for the wealthy that resulted in the recent growth of our national debt

Has your family’s tax rate been cut in half? Don Young has showered America’s wealthiest elite with massive tax breaks – which closely parallel the recent increases in our national debt.

The marginal income tax rate for the wealthiest Americans was 70% when Young went to Washington in 1973. Then it dropped to 50% in 1981, and has been hovering between 28% and 39% since the late 1980’s. Recently, the marginal tax rate for the wealthiest Americans has been 35% - just half what it was when Don Young went to Washington!

Meanwhile, Congress wants us to shoulder the soaring national debt, and fund a much larger share of the federal budget, while trickling token income tax cuts down to the typical American, along with numerous tax increases.

Compare your marginal tax rates with the generous savings that Young supports for America’s wealthiest elite. Has you tax bracket experienced major reductions – of at least 50%?

 

Bill

Don Young’s Action:

Effect

Date

Status

H.R. 5638

Voted Yes, Roll Call 315

Increase deficits and the national debt by $774 billion over 10 years by eliminating the estate tax, which overwhelmingly benefits the wealthy.  

6/22/06

Passed House, died in Senate

H.R. 4297

Voted Yes, Roll Call 135

Increase the national debt by $70 billion over ten years due to tax cuts that primarily benefit the wealthy. Households with incomes below $75,000 would receive just 5 per cent of the tax benefits, and 68 percent of households would receive no tax benefits at all.

5/10/06

Passed into Law

H.R. 4520

Voted Yes, Roll Calls 259 & 509

Corporate tax cuts that increases the national debt by $60 billion to $80 billion in the first 10 years.

6/17/04 & 10/7/04

Passed into Law

H. CON. RES. 393

Voted Yes, Roll Call 92

Accelerate repeal of the estate tax and make the Bush tax cuts permanent. (Budget resolutions are budget "blueprints" and are not signed into law)

3/25/04

Added to S. Con. Res. 95

S. CON. RES. 95

Voted Yes, Roll Call 198

$726 billion tax cut aimed mostly at the wealthy, including $364 billion for the corporate dividend tax cut. (Budget resolutions are budget "blueprints" and are not signed into law)

5/19/04

Passed House and Senate

H.R. 2

Voted Yes, Roll Call 225

Tax cut increases national debt by $349.7 billion over 10 years. Most tax cuts benefit wealthy or corporations.

5/23/03

Passed into Law

H.R. 586

 

 

Voted Yes, Roll Call 103

Tax Relief Guarantee Act of 2002, amended a foster care bill to make $1.74 trillion in temporary tax cuts permanent.

4/18/02

Passed House and Senate

H.R. 3090

 

Voted Yes, Roll Call 404

Increase deficit by $159.4 billion over 10 years to accommodate corporate tax cuts.

10/24/01

Passed into Law

H.R. 1836

Voted Yes, Roll Call 149

Increase national debt by $1.26 trillion over 10 years due to tax cuts that would primarily benefit the wealthy. Cut the top marginal income tax rate from 39.6% to 35%, among many other provisions.

5/26/01

Passed into Law

H. CON. RES. 83

Voted Yes, Roll Call 104

Budget resolution to offset tax cuts for the wealthy with $1.35 trillion worth of projected budget surpluses over 10 years. (Budget resolutions are budget "blueprints" and are not signed into law)

5/9/01

Passed House and Senate

H.R. 8

Cosponsor, Voted Yes, Roll Call 84

Increase deficit by $186 billion over 10 years to repeal the estate tax, which primarily benefits the wealthiest 2 percent of the taxpayers.

4/4/01

Amended into HR 1836 and Passed into Law

H.R. 2488

Voted Yes, Roll Call 379

Increase deficit by $792 billion over 10 years for a tax-cut package with most of its benefits intended for the wealthy. Estimates showed the cost of the bill could balloon to $3 trillion for the 10 years following 2010.

7/22/99

Vetoed by President

H. CON. RES. 68

Voted Yes, Roll Call 85

Budget resolution that advocated an $800 billion tax cut aimed predominately at the wealthy. (Budget resolutions are budget "blueprints" and are not signed into law)

3/25/99

Passed House and Senate

H.R. 4579

Voted Yes, Roll Call 469

Taxpayer Relief Act of 1998. Rob the Social Security Trust Fund surplus to pay $177 billion in tax cuts over 10 years.

9/26/98

Passed in House, died in Senate

H.R. 2014

Voted Yes, Roll Call 245

Net effect was to increase the deficit by $686 billion over 10 years.  Contained major tax cuts for wealthy Americans, with token tax relief for the middle class.

6/26/97

Passed into Law

H.R. 3838

Voted No, Roll Call 413

Tax Reform Act of 1986, Reduce corporate tax rate from 46% to 34%; reduced the income tax rate for the wealthiest individuals from 50% to 28%; increased tax rate for the lowest income bracket from 11% to 15%. Act closed corporate tax loopholes to maintain revenue-neutrality.

9/25/86

Passed into Law

H.R. 4242

Voted Yes, Roll Calls 178 & 190

Economic Recovery Tax Act, Increase deficits by $872.6 billion over 5 years. Reduce marginal tax rate for the wealthiest individuals from 70% to 50%.

7/29/81 & 8/4/81

Passed into Law

* Data incomplete; this is a work in progress. Visit often to review Don Young voting patterns as our research is further developed.

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