Political Quotes

“this amendment relates to the child tax credit. It is abundantly clear that perhaps one of the most effective ways to deliver tax relief--tax cuts--to working families is through the expansion of this credit, as it is our hope to achieve during tax reform. I think it is important to point out that the U.S. Department of Agriculture compiles data on how much it costs to raise children in the 21st century. Today, it is expected that middle-income families are going to spend $230,000 to raise their children. By the way, that does not include the cost of their going to college. Being able to deliver relief to hard-working families through the expansion of the child tax credit, which is applicable not just against income tax but payroll tax, is perhaps the single most effective way to do that given the framework under which we will be working. That is what this amendment intends to reserve the opportunity to do. The PRESIDING OFFICER. The Senator from Maine.”