House Votes

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Wolf (R)

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CORPORATE TAX BREAKS

For: 280 / Against: 141

The House approved the conference report on a bill (HR 4520) providing at least $136 billion over 10 years in tax breaks for U.S. corporations. The bill also finances a $10 billion buyout of owners of federal tobacco allotments. The cost would be partially offset by closing tax loopholes but also would increase the national debt.

The bill cuts rates for broadly defined domestic manufacturing activity from 35 percent to 32 percent to offset the loss of export subsidies ruled illegal by the World Trade Organization. In states without an income tax, it allows residents to deduct sales taxes from their federal income taxes.

Among those receiving targeted relief from the bill are Home Depot, NASCAR track owners, Oldsmobile dealers, pharmaceutical companies, railroads, timber companies, liquor distillers, restaurant owners, commodity traders, bank directors, energy firms, ethanol producers, cruise-ship owners and bow-and-arrow makers.

A yes vote was to approve the conference report.

MARYLAND

Y

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NV

Bartlett (R)

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Cardin (D)

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Cummings (D)

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Gilchrest (R)

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Hoyer (D)

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Ruppersberger (D)

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Van Hollen (D)

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Wynn (D)

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VIRGINIA

Y

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NV

Cantor (R)

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J. Davis (R)

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T. Davis (R)

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