nearly a month ago, this body passed a $350 billion tax cut that benefited primarily the top 1 percent in the country. Warren Buffett and others, who although would benefit from it, spoke against that tax cut. Prior to that evening, the day before, Republicans out of the House and the Senate, with the Vice President, got together to work out an agreement. And we later found out, 2 days afterwards, nobody had known that 12 million children, 6.5 million working families, had been left out of that tax cut. It actually was in the Senate bill. Somehow, when the Vice President got in the room with the Republican House leadership here, the 12 million children of working families were left on the editing floor, because there was nobody outside of that conference room where the leadership met to represent the voice of 12 million children of working families. Now, in about a week from now a good portion of the wealthiest 1 percent will begin to receive what people on average think is close to $100,000 worth of tax cuts. Now, we have passed in the other body and in the House a tax cut to ameliorate and address this shortcoming that both the President says he wants done, the other body leadership say they want done and leadership in this Chamber say they want done. Now, we need to address this problem, because in one week we have a tax cut that is going into place that has left out 12 million children of working parents, 6.5 million families.
Editor's note · Context
Addressing the impact of a tax cut that excluded millions of children and working families.
Share
More from Rep. Rahm Emanuel
what I find most intriguing about this discussion is that those who are unemployed, to get this benefit, paid for this insurance policy. This is their money. When times were good, they put money away to unemployment insurance. And when…
That is the strategy we are talking about. This is the right thing to do. It has been proven that when we have instrumented this tool, that is to stop purchasing from the Strategic Petroleum Reserve, that in fact there will be immediate…
the former Fed Chairman, Alan Greenspan, has recently released his memoir for the years of his time in public service. And it comes as a surprise to many that President Bush and the Republicans in Congress do not fair particularly well…
when the House tried to reauthorize the children's health care bill, the President of the United States called SCHIP ``a welfare benefit'' for ``middle-class households.'' Maybe there is some confusion at the other end of Pennsylvania…





