Political Quotes

“Last week millions of Americans got a surprise when they filed their tax returns. This year a record 44 million tax returns, one-third of all returns filed, have no income tax liability because of the available credits and deductions in the Tax Code. This is a 50 percent increase in the number of zero-tax filers in just 4 years. The vast majority of these 44 million filers are from low-income households who saw their tax liability disappear thanks to the tax cuts pushed by President Bush and this House. The expansion of the 10 percent bracket, the increased child tax credit, and the marriage penalty relief are the leading reasons that so many people were able to have zero liability. All these tax provisions are in jeopardy if Congress does not act to extend them by the end of this year. These are not tax cuts for the rich. They are tax provisions designed to help working men and women bring home more of their paychecks. In fact, 75 percent of the 44 million will earn less than $20,000 per year, and 97 percent will earn less than $40,000 per year. Congress needs to extend these provisions and continue giving tax relief to working America.”