Let me tell you what we are proposing with this tax stimulus package: a one-time tax refund check for all people who pay income or payroll taxes of $600 per couple and $300 per individual. A new 10-percent tax bracket applies to the first $12,000 of income for every married couple in America, whatever their gross income may be, and $6,000 for single filers. The total 2001 tax cut will be $900 per couple and $450 per individual. This is the first step in the Democratic tax cut agenda. The reason why people believe this is an important first step is that it deals with reality, and not with speculation. It deals with the reality of an economy that has slowed down and the reality of families who need a helping hand. It provides a rebate to families, and within a matter of weeks they will be receiving it. This kind of timely tax assistance is going to be important across the Nation.
On the recordApril 5, 2001
Source
govinfo.govEditor's note · Context
Discussing a proposed tax stimulus package during Senate floor debate.
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