Jack Kingston: “I do want to get one other thing on taxes. There was a big discussion about the Clinton tax increase went to balancing…”

“I do want to get one other thing on taxes. There was a big discussion about the Clinton tax increase went to balancing the budget 1993, when Clinton passed the largest tax increase in the history of America, $245 billion. That money did not go into deficit reduction. That money went into more Federal Government. Now, you know, the thinking that Americans do not deserve tax relief right after the President just passed such a huge tax credit--what the Republican Party was trying to do was basically say we want to give you back some of the money that the President took from you in 1993, and one of those was a $500 per child tax credit. So, working person, and I love to tell the story about John Johnson who works for UPS, U-P-S, in my district, and he said to me: You know, I make pretty good money. I do a lot of overtime. I worked hard. My wife is a school teacher, and between the two of us we do OK. But we have got three kids. And at the end of the month we are not able to go down to Florida or go up to Atlanta and see a Braves game or do some of the nice things because we have got to buy a new set of tires, a new dryer. We have got to spend money on groceries, and so forth, and we cannot get ahead. And this is a real story. Now, with the $500 per child tax credit, he and his wife could have had $1,500 in their pocket that they could have spent any way they wanted to.”