with Father's Day coming up, what can we do to help dads and to help parents and help children? Our tax burden right now is one of the biggest problems of raising kids. I know. I have a family of four. If you have a combined income of $55,000, $22,000 of that goes to taxes. Indeed, there are 62 taxes hidden in a gallon of gas and 109 in a loaf of bread. The Republican bill gives much needed middle class tax relief, for capital gains tax, HOPE scholarships, IRA expansion, death tax penalty, and, most importantly, to the fathers on Father's Day the $500 per child tax credit. Tax relief gives dads more time to stay at home to spend time with their children and impart values for the next generation. Unless the critics continue with the class envy that they are so clever at and so good, let me say that 71 percent of these taxes go to people with incomes of $75,000 or less and only 1.2 percent with incomes over $200,000. This is a middle class tax cut for fathers, and it is the Republican tax plan. I hope our Democrats will join us in supporting it.
Jack Kingston: “with Father's Day coming up, what can we do to help dads and to help parents and help children? Our tax burden right now…”
Editor's note · Context
Discussing tax relief for families in relation to Father's Day.
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