Political Quotes

Peter Roskam: That is right. So, to the gentleman's point, a deduction is a decrease in a taxable liability; a credit is a credit.…

On the recordMarch 6, 2018
That is right. So, to the gentleman's point, a deduction is a decrease in a taxable liability; a credit is a credit. Once the tax is calculated, the credit is an amount that comes off of that tax liability, so it is a very significant thing. Said another way, credits are more valuable than deductions.
Said by
Peter Roskam
Republican · Illinois
Source
govinfo.gov
Mar 6, 2018

Share

More from Peter Roskam

Mar 20, 2018

Ukraine is in a situation under incredible pressure and incredible duress. It is a country that has been invaded by Russia.

congress.gov
Mar 20, 2018

If we don't break open new markets through trade agreements... we will be left behind.

congress.gov
Feb 5, 2018

What does that intervention look like?

congress.gov
Mar 6, 2018

I thank the gentleman from Michigan for yielding. You know, I think it is so interesting. We are all coming together, various States, to celebrate these accomplishments and to take a step back: how far we have come in the past year or the…

govinfo.gov

Other voices in this conversation