On the recordJune 25, 1997
listening to the other side characterize our tax bill as ``tax cuts for the wealthy'' has led me to come up with a perfect letter for my constituents. It would go like this: Dear Middle Class Taxpayer: For tax purposes only, you are hereby declared rich. I know this must come as quite a shock to you, but that is not even the good part. Although you and your wife live quite modestly and think that when you add your $25,000 salary to her $20,000 salary you make $45,000. Well, think again. This includes all of your overtime. But whenever you earn $45,000 per year, the liberals in Congress have decided that you actually make over $75,000 a year. It is called imputed income. I am not sure exactly how they do that. But the bottom line is, you are hereby declared rich. This means, among other things, that you are now evil and that you are no longer paying your fair share. Oh, yes, the tax cut you thought you were going to get, well forget it. Being rich has never been so fun, has it?
Source
govinfo.gov




