That means only 1.6 percent of the people filing returns would be affected by this. How many millions of people do we have back in our States that are making $25,000 and continuing to subsidize those who are in retirement income? The average income in my State for working people is about $22,000 or $23,000. We have very few people that are retired that make over $75,000 a couple--almost none. I am happy to yield.
Discussing the impact of tax policy on low-income earners during a floor speech.
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