Political Quotes

On the recordAugust 2, 1996
today this body can be proud to be passing legislation that will directly impact the lives of millions of American workers. I wholeheartedly support this legislation, and while we have met our goal of providing a more livable wage for those hard-working, citizens who desperately need it, this bill also provides tax incentives to help our small businesses as well. Provisions such as the Work Opportunity Tax Credit will allow our small business owners to claim substantial tax relief at the same time they are giving vital opportunities to new workers. This measure also rewards the invaluable efforts of housewives across the Nation by allowing nonworking spouses to contribute $2,000 annually tax free to an IRA, finally according the raising of children and other home-related activities the respect they deserve in regard to the tax code. Many more pension reform provisions are included which will help empower the American people to save for their own retirements, which in time will help to take the load off of Federal entitlement programs. At the same time, we have taken strides toward curbing corporate welfare, and have provided incentives in the tax code for the adoption of children. Perhaps it has taken too long to reach this goal, but we have truly given hope to legions of citizens with this bill.
Said by
Glenn Poshard
Democratic · Illinois

Editor's note · Context

Discussing the impact of legislation on American workers and small businesses.

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