On the Issues
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BUDGET, TAXES AND THE ECONOMY 
Few issues are more important than the strength and health of our economy. The fiscal, budget, tax and economic policies that Congress and the President pursue influence nearly every other legislative issue, not to mention the direct impact such policies have on each and every person, family and business in America. Many of the fiscal, budget, tax and economic policies of the current administration trouble Senator Levin. Since January 2001, millions of manufacturing jobs have been lost, household incomes have failed to keep up with inflation, millions more Americans live in poverty, huge budget surpluses have turned into huge deficits, and trillions of dollars in tax cuts have gone predominantly to the wealthiest among us. At the same time, sophisticated individuals and companies are using unfair tax loopholes, tax shelters and offshore tax havens to avoid paying their fair share and shift their tax burdens onto the backs of regular taxpayers. These vital issues – the decline in wages, the sluggish state of the economy, the deficit and widespread tax evasion -- need to be addressed, not downplayed. Click on the links listed below to see where Senator Levin stands on some of the important fiscal, budget, tax and economic issues facing our nation. |
Abusive Tax Shelters
Unlike legitimate tax shelters, abusive tax shelters are complex transactions that have no economic substance other than to provide individuals or corporations with large tax benefits unintended by the tax code. These illegal schemes enable tax cheats to evade paying their fair share while leaving honest taxpayers to make up the difference. more >
Closing Tax Loopholes
Congress needs to act to close down the tax loopholes being exploited by those seeking to avoid paying their fair share of taxes. more >
Earned Income Tax Credit
The earned income tax credit is a federal tax credit provided to working families with low to moderate incomes. more >
Economic and Fiscal Policy
Michigan's unemployment rate is among the highest in the nation. Our country is also back into a very deep deficit ditch. more >
LEGISLATION
COMMITTEES
TASK FORCES
