I believe that we are all aware that we need to balance the Federal budget, and the reason it is no longer being argued is because the Republican Party heard the cries of the American public who said we must balance the Federal budget. It really is common sense, but it has been a generation since we have balanced the budget. For a long time the Democrats were in control and they did not even consider it, would not even consider a balanced budget. The same with tax relief. It was not considered until the Republicans got control and took the cries of the American people to the floor of the House and made them heard, and now we are talking about how big the tax relief should be and who should get it. And it is very clear that when you give $500 per child tax relief, that goes to the most poor as well as those who are making more. Now when we talk about capital gains, the IRS has told us that tax relief in capital gains, 75 percent of the recipients will make less than $75,000. So there has been a lot of bad information about who is getting tax relief and who is not. The Treasury Department is trying to manipulate the numbers to push more people into the wealthy category than actually exist there so they can focus on bogus numbers. But the truth is, the Republican Party is going to provide tax relief for middle-class people, for working poor, for people who need the tax relief.
Todd Tiahrt: “I believe that we are all aware that we need to balance the Federal budget, and the reason it is no longer being argued…”
Editor's note · Context
Discussing the need for a balanced federal budget and tax relief during a House floor speech.
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