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Political Quotes

Jim Saxton: “the gentlewoman just made a point that most families that are going to benefit from the $500 tax credit are middle…”

On the recordApril 4, 1995
the gentlewoman just made a point that most families that are going to benefit from the $500 tax credit are middle class, and that is, in fact, absolutely correct. This chart shows graphically just how that works out. As a matter of fact, according to this chart, which comes from the Tax Foundation, who will get the contract's $500 per child tax credit, it shows clearly that 85.5 percent of the people who will get the tax credit, the family earns less than $75,000 a year as the gentlewoman correctly pointed out, and that those over $75,000, there are only 12.5 percent who will benefit from the tax cut.
Said by
Jim Saxton
Source
govinfo.gov

Editor's note · Context

Discussing the distribution of the $500 tax credit during a debate on tax policy.

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