On the recordSeptember 27, 2000
In my district where we have a significantly higher or above the norm unemployment rate, we have a number of young people, a number of elder Americans who actually work for wages, hourly wages who would be eligible for the earned income tax credit if it had been adjusted for inflation over these past 8 years. But in fact just as the Democrats walked out of here back when we passed that bill, this Clinton administration has walked out on lower-income people for an adjustment in the earned income tax credit. The President's veto of the marriage tax penalty relief right here in this bill also was a veto of an inflation adjustment to the level, the threshold at which the earned income tax credit would be eligible for. That veto cost a low-income family with two children $421 per year in terms of the earned income tax credit. That is real money.
Source
govinfo.gov
