On the recordMay 22, 2003
Mr. Speaker, we are getting to the heart of it. The heart of it is that the left is filing in here to talk about we need bigger government and more spending. We need more of that central Federal Government. And the debate will happen after this rule is passed of those who want to see a tax cut, those who want to put that money back in the American people's pocket. And then we will begin to look at some of the facts in this debate. Mr. Speaker, a married couple with two children, an income of $40,000 will see their taxes decline under the Jobs and Growth Tax Relief Act of $1,133 in 2003. That is a decline of 96 percent. In 2003, 91 million taxpayers will receive on average a tax cut of $1,126 under the Jobs and Growth Act of 2003. And 68 million women will see their taxes decline on average by $1,338; 45 million married couples will receive an average tax cut of $1,786; 34 million families with children will benefit from an average tax cut of $1,549; 6 million single women with children will receive an average tax cut of $558; 12 million elderly taxpayers will receive an average tax cut of $1,401; 23 million small business owners will receive tax cuts averaging $2,209; 3 million individuals and families will have their income tax liability completely eliminated by this act. I will repeat that again. Mr. Speaker, 3 million individuals and families will have their income tax liability completely eliminated by this act.
Source
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