Matt Salmon: “Mr. Chairman, before I begin to talk about my strong support of H.R. 1215, I cannot help but respond to a comment that…”

“Mr. Chairman, before I begin to talk about my strong support of H.R. 1215, I cannot help but respond to a comment that was made about the safety net that supposedly we are cutting out. I might add this safety net is lined with flypaper. It is very, very difficult to get out of. In fact, it is a net, I am not sure it is a safety net. Mr. Chairman, with the tax provisions in the Contract with America we are going to be passing I believe today, this bill is so important to the American people because it provides tax relief to virtually all Americans. It will create incentives for savings and investment. Not only will passage of this bill provide more tax fairness, but it will also stimulate growth in America's private sector. I would like to speak specifically about the American Dream Restoration portion of H.R. 1215. This part of the bill ease the marriage penalty that punishes men and women for getting married by making them pay more in taxes than if they had remained single. It creates a new IRA that will allow Americans to save for the purchase of a home, for education, for medical expenses, and for retirement. It will also provide working families with a $500 child tax credit.”