Gary Hart: “I believe that the general public knows what a tax credit is. However, it is clear to me that the other side of the…”

“I believe that the general public knows what a tax credit is. However, it is clear to me that the other side of the aisle does not. One must pay taxes, income taxes, in order to receive a tax credit; and in fact, in our tax bill that we passed and fortunately was signed last week, there is an increase in the child tax credit. The general public has asked us for that, and it has been provided. Those hard-working parents who have been paying income taxes do receive credit, as the gentleman stated, and additional moneys for the raising of their children. Claims have been made that that is not the case, but that is just not true. A tax credit is only paid to those who pay income taxes, and that is exactly what we do. Also regarding that issue, it is very important for us to note also that since I have joined this body about 2 rac{1}{2} years ago, the Republican majority has consistently exempted people who are very low income from paying income taxes.”