Political Quotes

Jack Kingston: That is exactly right. Here is another example of a good program that went bad, the Earned Income Tax Credit. Now, the…

On the recordJanuary 4, 1996
That is exactly right. Here is another example of a good program that went bad, the Earned Income Tax Credit. Now, the Earned Income Tax Credit, the idea was to get people off of public assistance. But since they would not be making as much in the private sector immediately as they were when they were on welfare basically, then you give them a tax credit so they would have extra money for housing and food and insurance, and so forth. I think that is very noble, and Ronald Reagan supported it, and Tom Petri, who is one of our best members of our conference, has been a champion of that in the past. But in 1993 that program was expanded, and expanded rapidly, and here is what some of our colleagues on the other side of the aisle are doing to capitalize on the fact this is basically free money. This is an actual mailing that went out to constituents of a Member of Congress. Listen to this. Put some money in your pocket. The Earned Income Tax Credit. You may be eligible for as much as $2,258 tax credit. See details on back. Come clean. Your money. Did you work in `94? What is ironic about this is you don't even have to work now under the Clinton changes, you can prefile and get your money advanced before you actually do the work. It says you are eligible if this and that. 'Even if you do not owe income tax, you can get EIC. Want more information? Call another toll-free number, the IRS.…
Said by
Jack Kingston
Georgia

Editor's note · Context

Discussing the Earned Income Tax Credit and its implications during a floor speech.

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