Peter Roskam: “The IRS would not take that money today. They admitted they were wrong when they changed their policies.”

Americans rightly expect us to do the best for our veterans. Social Security is no exception.

I want to thank Chairman Jenkins and Ranking Member Lewis for their work on this, and I am pleased that the underlying bill includes the RESPECT Act, which deals with civil asset forfeiture abuses by the Internal Revenue Service, and I…

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…

That seems foolish, as it is presented now.