Unbelievable!! You will find the following excerpt on page 203, lines 14 – 18 of House Resoution 3200:
“The tax imposed under this section shall not be treated as tax imposed by this chapter for purposes of determining the amount of any credit under this chapter or for purposes of section 55.’’
If I understand this correctly, this bill would inflict a new tax upon the citizens, but they want to conceal the fact the this bill created the tax!
Talk about a blatant “Bait and Switch” !!!
Download your copy of HR3200 here: hr3200.pdf