Frank Riggs: “to reduce the tax burden on working middle class families we Republicans are proposing a $500 a year tax credit for each…”

“to reduce the tax burden on working middle class families we Republicans are proposing a $500 a year tax credit for each child under 18 years old in tax-paying families with income less than $200,000. Using their tired refrain of class warfare, Democrats are calling our proposal a proposal that would benefit only the rich. Let us take a look at the truth. The families of 52,000,000 American children, which comes to 35,000,000 families, are eligible for the $500 per child tax credit. In fact, according to the House Committee on Ways and Means, the family tax credit would lessen the tax burden on a vast majority; in fact, 89 percent of these families. The $500 per child tax credit would completely eliminate the Federal tax burden for 4.7 million working families at the lowest income levels. The bottom line: The contract tax credit will provide families with $120 billion in tax relief over the next 5 years. Just about all families will benefit, the Democrats' class warfare notwithstanding. Family, children, jobs; that is what the Republican tax credit is all about.”