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Asa Hutchinson: every time there is a tax cut proposal, Republicans stand up and explain that the tax cuts would mainly go to the middle…

On the recordJune 24, 1997
every time there is a tax cut proposal, Republicans stand up and explain that the tax cuts would mainly go to the middle class, while the liberals argue exactly the opposite, that the tax cuts go mainly to the rich. Who is right? I will explain the arguments and let the American people decide. According to Republican figures and according to the figures published by the nonpartisan Joint Committee on Taxation, 76 percent of the tax cuts in the Republican tax cut proposal go to people earning less than $75,000. I will repeat that. Seventy-six percent of the tax cuts go to people earning less than $75,000 a year. Now, it is important to look at the assumptions used in this calculation. If the household earns $75,000 a year, that should be scored as a household earning $75,000. But according to liberal thinking, and scoring using tricks and bogus numbers, a household only earning $45,000 a year is scored as earning $75,600 per year. That is imputed earnings that cooks the numbers. Now, you decide who is right.
Said by
Asa Hutchinson
Arkansas

Editor's note · Context

Discussing the impact of tax cuts on different income groups during a floor speech.

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