What: All Issues : Making Government Work for Everyone, Not Just the Rich or Powerful : Insuring Government Has Adequate Financing to Function : S Con Res 70. (Fiscal 2009 budget resolution) Kyl of Arizona amendment that would allow for recently expired tax credits to be extended through fiscal 2009/On agreeing to the amendment (2008 senate Roll Call 74)
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S Con Res 70. (Fiscal 2009 budget resolution) Kyl of Arizona amendment that would allow for recently expired tax credits to be extended through fiscal 2009/On agreeing to the amendment
senate Roll Call 74     Mar 13, 2008
Progressive Position:
Nay
Progressive Result:
Win

This vote was on an amendment by Jon Kyl, R-Ariz., that would allow for the extension of recently expired tax credits – including for research and development, combat pay, education and alternative energy – through fiscal 2009.  The amendment was offered to the budget resolution that serves as the blueprint for Congress’ budget priorities in fiscal 2009. The budget resolution sets overall spending targets for the Appropriations committees and outlines other budget rules.

“So what this amendment does is it simply explicitly extends all of these expiring tax provisions, which would expire at the end of this year and that have already expired, and it would not be required to have a permanent increase in taxes in order to accommodate that extension,” Kyl said.

Kent Conrad, D-N.D., said the resolution already extends those tax credits for a year and that they are fully paid for.

“The Kyl amendment would add a second year without paying for it. Consequently, the Kyl amendment would drive us $28.6 billion into debt, driving us further away from the balance that we are seeking to achieve by the fourth year,” Conrad said.

By a vote of 49-50, the amendment was rejected.  Every Democrat present but one voted against the amendment (Evan Bayh of Indiana).  Every Republican but one present voted for the amendment.  The end result is that the measure went forward without language that would have extended certain expiring tax credits through fiscal 2009.

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