Thank you very much, Ms. Carol Shea-Porter from the great State of New Hampshire. You have always been right on the issues. I think we need to really understand what is in this proposal that this House passed just last week, which was a very, very significant tax cut for the working men and women of America, the people that are out there every day, going to work, putting in their 8, 10 hours a day, bringing home the paycheck at the end of the week. The tax proposal that we put together takes care of children, providing the child care tax credit. It becomes permanent in our piece of legislation. In the one that has been proposed, it expires in 2 years. Then what happens to taking care of children? If you happen to be a student, in our proposal, the student loan interest deduction, it stays permanent. It stays there for the next generation. For those kids that want to go to school, their families can get this, not for just 2 years but permanently. So what was negotiated by the Republicans? A 2-year proposal in which this particular tax reduction for the working men and women and their children ceases. You want to get married? Well, you are married. Good for you. Our proposal would make permanent the extension of the marriage tax deduction. Right now there would be a new penalty imposed on married people unless we extend it. So we said, no; married people, married couples and those who file as couples would get a permanent reduction in their taxes.
On the recordDecember 7, 2010
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govinfo.govEditor's note · Context
The speaker discusses the importance of a tax proposal benefiting working Americans and families.
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