Joel Hefley: “I feel like we are surrounded by a bunch of Pinocchios. It appears we have two different groups of Pinocchios. On the…”

“I feel like we are surrounded by a bunch of Pinocchios. It appears we have two different groups of Pinocchios. On the one hand we have got some liberals who are calling millions of middle-class families rich by using something called family economic income. Family economic income is a magic formula that some ingenious bureaucrat at the Treasury Department dreamed up that means your income is actually 50 percent or more higher than people think it is. On the other hand we have got some liberals who want, now listen to this one, who want to reduce the income tax burden on people whose income tax burden is already zero. Their ideas of a tax cut is to, and now I am not making this up, is to increase the tax burden on the actual taxpayers to give tax decreases to those who pay no taxes. It is hard to know which group is growing the longest noses. I do not know how to decide which arguments are more absurd, the family economic income liberals or the tax cut to the welfare crowd. Mr. Speaker, this is Pinocchi-nomics.”