this week we are going to see a clash of ideas once again as we have seen throughout the 100 days. This time it is going to be the big-government party that likes to take tax dollars and spend it at their whim versus the party of the people who give tax breaks to American families and others, like senior citizens. During the 1992 Presidential campaign, our current President campaigned on the middle-income tax cut. Instead, what has occurred, last August we had the world's largest tax increase, which took money out of the pockets of American families. H.R. 1215 is a bill that will return tax money to the families so they can spend it, because the party of the people believes that American families understand better how to spend their dollars than the Government. Each time we lose $1 to taxes, it is a loss of freedom. Many people across America, through higher taxes, have lost freedom, have lost the ability to spend money as they see fit. H.R. 1215 will also help America's senior citizens. Last August, the party of big government cut social security by $25 billion in the form of a tax increase. What this bill is going to do is restore that cut to Social Security. We are going to allow senior citizens to retain more of their income, allow them to meet their long-term health care needs, we are going to allow tax incentives to encourage individuals to purchase long-term health care insurance. We are also going to move, in H.R. 1215, to help Americans save.
Todd Tiahrt: “this week we are going to see a clash of ideas once again as we have seen throughout the 100 days. This time it is going…”
Editor's note · Context
Discussing the impact of tax policy and H.R. 1215 on American families and senior citizens.
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