Jack Kingston: “I wanted to speak specifically on the tax relief portion of it, because for too long Americans have sent far too much of…”

“I wanted to speak specifically on the tax relief portion of it, because for too long Americans have sent far too much of their hard-earned dollars to Washington, DC. This bipartisan balanced budget agreement provides for the first time significant tax relief and serves as a first step toward reducing the outrageous tax burden on American middle-class families. The agreement guarantees that American families will get a tax relief that they desperately need. It provides new tax credits for higher education and a reduction in the death tax, and it also gives capital gains tax relief that will end double taxation and spur an explosion of economic growth and bring new jobs and renewed prosperity to the working people all around America. Perhaps the most important, however, is that the balanced budget agreement finally makes one of the key promises of the Contract With America a reality. At last, it gives a long overdue $500 per child tax credit to American working families.”