Jack Kingston: “We wanted to touch base also on this tax issue because I think that it is important to talk about it because we have…”

“We wanted to touch base also on this tax issue because I think that it is important to talk about it because we have heard so many times that it is a tax break for the rich. Now, President Clinton said as much as President Clinton says anything that he supports a capital gains tax cut. Then, of course, he immediately said a disclaimer, saying, ``I am not sure how much or when,'' or whatever kind of Clintonesque comments he would qualify something with. But let us assume that the capital gains tax cut is OK. So what do we have now that we are giving to the middle-class taxpayers that has horrified so many of the folks on the other side of the aisle that is a tax break for the rich? This is it, a $500-per-child tax credit. Now, who is going to get the benefit of that? Eighty-nine percent of the people who get benefit of that have a family household income of $75,000 or less. Now, look at this, 4 percent of the people who benefit from that have an income of over $100,000. Now, there are Members of this body who like socialists more than they like successful people who have earned and lived the American dream, and I think that is too bad. We need to have successful people in our country, and we cannot constantly use them as a whipping post for all of our frustrations because maybe not everyone knows how to make that money.”