Kim Reynolds: “upon reflection and in listening to the distinguished gentleman from New York (Mr. Rangel), the ranking member of the…”

“upon reflection and in listening to the distinguished gentleman from New York (Mr. Rangel), the ranking member of the Committee on Ways and Means and one who is the senior member of the New York delegation, I agree with him that we should phase out and change the AMT tax, and I have watched him advocate a lot of other things. A few times I have not seen him want to pay for it except for raising taxes. But the thing I heard most out of the debate was not about helping the American family put more money back into their pockets, not about the middle class, which some of the politicians outside this body would talk about middle-class warfare and all of the other type of class war discussion. Today, if we are allowed to start the debate on this bill, we will begin to help the middle class because, otherwise, if the Congress does not act, families will face a tax increase next year. For example, next year, the $1,000 child tax credit drops to $700 per child. The 10 percent bracket will apply to less than an individual's income, and the marriage penalty provision will provide less relief for couples.”