On the recordJune 17, 1998
I was reminded of some questions recently that my daughter was asking me and when I had to say no, she kept saying to me why, why, why? This whole debate reminds me of that conversation. Why, why, why? If the majority wants to get rid of it, what will they do? Do not tell us in the year 2002, tell us now. For those families who are thinking about buying a home, what will the price of the home be now? They need to know. Will they be able to deduct the mortgage interest on the home or not? Will that increase the price they have to pay or diminish the property value once they purchase? Will that individual, thinking of moving to a new company, have a pension plan because the company knows that right now the Tax Code provides an incentive for companies to provide employees with a retirement plan, and as a result, they get to deduct some of that from their taxes. But if we are going to abolish the Tax Code, will the company be offering pension plans to their new employees? Why? If my child is entitled to an answer, certainly the American public is entitled to an answer. Why? What? How? When? This is nothing but bumper sticker politics.
Source
govinfo.gov




