An American who makes a million dollars or more would get $93,530 of tax cuts on the average. If you make between $20,000 and $30,000 a year, you get $15 a month. If you make between $30,000 and $40,000 a year, you get a little bit less than $30 a month. Let me just comment, the gentleman is trying to say this is a wonderful thing for people in the lower income brackets. I suggest to Members that the great spread here of $93,530 for the millionaires and $15 a month for the fellow or woman making between $20,000 and $30,000 and less than $30 for the family of between $30,000 and $40,000, I am not sure what the gentleman is trying to say here.
Maxwell Frost: “An American who makes a million dollars or more would get $93,530 of tax cuts on the average. If you make between…”
On the recordMay 22, 2003
Source
govinfo.govEditor's note · Context
Discussing tax cuts in the context of the Jobs and Growth Tax Relief Reconciliation Act of 2003.
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