Absolutely. Working, every day getting up, or they are not eligible for any of this. That is something that goes back to the Reagan years when it started and everybody believed that for hard-working people this was important that this happened. So now they are going to get up and they are going to believe that next April, they have two children and they think, guess what? I am actually going to receive possibly $1,000 because I have two children. They are going to be sorely displeased with what happens in their tax next year. Mr. Chairman, the other thing that is interesting to me, it is the only place in this bill at all that one is penalized for taking advantage of what is available to people in the Tax Code today. Let me just say this. If one gets the example of having an IRA, which is also in this piece of legislation, which most of us support is a good idea to invest and to do those kinds of things.
Karen Thurman: “Absolutely. Working, every day getting up, or they are not eligible for any of this. That is something that goes back to…”
Editor's note · Context
Discussing the implications of tax policy on working families during a House debate.
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