Political Quotes

On the recordMarch 7, 2001
Not only are those expenses explicitly allowed but any other expenses that make sense are allowed. That is under the IRS standards. On top of that, the bill allows additional expenses, including medical expenses for everybody from your nondependent children to your grandparents and your grandchildren. There are no reasonable medical expenses, from contact lenses to cancer therapy, from yours to your wife's to your grandchild's, that would not be counted as a necessary expense in calculating someone's ability to pay. So much for this idea that these poor people who have these exceedingly high medical expenses--and they really do--will not be able to declare bankruptcy and do straight bankruptcy in chapter 7. Again, if you are under the median income in your State, you are not even subject to the calculations anyway. So much for the charges that this legislation is unfair to women and children and to those of limited means. It improves protections for those who depend on alimony and child support, and those below the median income are explicitly excluded from the means test.
Said by
Joe Biden
Democratic · Delaware

Editor's note · Context

Discussing the implications of a bankruptcy bill on medical expenses and protections for low-income individuals.

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