On the recordJuly 24, 2014
I yield myself the remainder of the time. Mr. Speaker, this rule and this bill here before us today are yet another symbolic bill, and when this House only has another week in session before September, we are passing a bill that doesn't move here or there on the actual renewal of these tax credits, doesn't deal with the deficit or entitlement spending, and doesn't deal with immigration reform. It is a bill to presumably show the public that Republicans care about this particular tax credit as do, of course, Democrats. But there is no real effort to figure out how we are going to pay for it. We would all love to cut every tax. Why not cut every tax down to zero and not tax anybody? But where is the money coming from? It is the same with this. It is a feel-good, meaningless gesture that I, frankly, think the American people see through, which is why this body's approval rating hovers around 12 percent. The bill makes in order the child tax credit improvement and costs $115 billion over 10 years. Un-offset costs of this cost each taxpayer $2,600. Aside from the significant cost this imposes on the American people, there are also some substantive concerns that we talked about. While the bill would give some families a permanent tax break, it would actually harm our most vulnerable women and children. Specifically, the bill fails to extend a critical provision of CTC, which has helped low- income, working families lift themselves out of poverty.…





