Trent Lott: “The earned income tax credit program is one that most of us have supported in the past. The problem has been it has…”

“The earned income tax credit program is one that most of us have supported in the past. The problem has been it has exploded, like so many Federal programs. Now, I understand, people who have an income of up to $30,000 a year are getting a tax credit. We are not saying eliminate it. We are not saying wipe it out. We are saying control the explosive growth, make sure it is applicable and provided to those who are at the low-income, entry level, and not begin to move it on up into the beginnings of middle-income people. Another point, let us talk about the specifics of the tax proposals. I have asked this question here on the floor and nobody has really responded to it.”