On the recordJuly 19, 2000
I can tell you with no doubt in my mind, with an absolute degree of certainty, that if you are making $915,000 a year, you probably do not worry too much about the weekly day care costs, but that is the group the Republican majority decided needed help, not the working family, struggling to find a safe, clean, affordable day-care center for their kids. No. The group making over $900,000 a year will get $23,000 in tax breaks from the proposals on the Republican side of the aisle. This list includes an effort by the Democratic side to provide tax credits to businesses offering health insurance to their employees. You know as well as I do that 40 million Americans do not have health insurance. We believe the best way to help them afford health insurance is to help the small business employers provide that benefit. Of course, that insurance is more expensive. Those who buy it in smaller groups, such as the small businesses, have to pay more for the health insurance premiums and their employees are in lower income categories. So I proposed an amendment that said we would give a tax credit to businesses, a tax credit for those who would offer health insurance not only to the owners of the businesses but also to those who work there. That was rejected by the Republican side of the aisle. That is the kind of tax relief they just do not think is necessary.
Source
govinfo.gov




