On the recordApril 5, 1995
I rise in support for family tax relief. The rhetoric coming from the other side of the aisle does not match up with the facts. A case in point: I received a phone call last week from Christine, a constituent in my district. She is a single mom with a 7-year-old son who called to urge my vote in support of the capital gains tax relief. It seems that she is selling a home and that she needs the additional income from our tax relief to help her provide for herself and her son. Now, Christine is not rich. Yet existing capital gains tax laws severely penalize her. This bill means that Christine will keep more of her money. In addition to tax relief provided by the capital gains reduction, this bill's child tax credit will let her keep another $500 of her income. Mr. Chairman, it makes for good rhetoric and heightened class warfare, but this does not add up. Support this bill. This is a good bill.
Source
govinfo.gov
