On the recordJuly 25, 2014
I want to commend the gentleman from Washington for recognizing that this does put more money back in the pockets of hardworking Americans, but I just want to correct the record that this is in no way, shape, or form a tax increase. There certainly have been a lot of inaccuracies and highly misleading statements from the other side of the aisle about this bill this morning. This bill does not end the credit for low-income working families. It is not a tax increase on them. It certainly does not cast millions of children deeper into poverty. The tax provision in this bill originated from the stimulus bill. It was extended back in 2013 for 5 additional years. So it is not currently expiring, and it will not expire until 2018. All H.R. 4935 does is it keeps that in place and does not even address that particular provision. It does not call for ending that provision. It does not call for reducing or altering that provision. Rather, this bill deals with the immediate concern, and that is the erosion of the value of the child tax credit for every family struggling today. So following this absurd logic from the other side, every single bill and amendment that comes to the House floor that fails to address or does not extend their provision is a tax increase. This bill before us today will have and deserves bipartisan support.…
Source
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