Jack Kingston: “Per family, that is not going to make or break you necessarily. You are going to be able to buy some more stuff with it…”

“Per family, that is not going to make or break you necessarily. You are going to be able to buy some more stuff with it and it is going to be good, but it is going to help 11 million kids. Let me give the gentleman some fun facts on taxes. The Tax Code itself is 5.6 million words. It is 7 times longer than the Bible, according to the Heritage Foundation. Americans spent last year about $225 billion to comply with the Tax Code, and they devoted 5.4 billion hours to comply with it. And the Tax Foundation estimates that the median two-earner family paid 39.4 percent of its income in taxes last year, which had increased from 38.1 percent in 1995. And in 1955 the median two-income family just paid 27.7 percent of income taxes. That is 10.7 percent less than what that same family paid in 1996. Those are real numbers, and I will be happy to share those with anybody who wants.”