Ed Whitfield: “over the past 40 years the National Democratic Party has shown without question they sincerely believe that higher…”

“over the past 40 years the National Democratic Party has shown without question they sincerely believe that higher taxes, more government, and more regulation can best solve the problems of the American people. In 1993, the Clinton administration, with help from the Democrats on that side of the aisle, passed one of the largest tax increases in the history of this country. Earlier this year we passed a small tax reduction, which has been characterized as a tax for the wealthy. I would like to go over a few of those provisions for you. If you are an American family and you have children today we are going to give you $500 per child tax credit. We are going to restore $145 to remove the tax penalty for married couples in this country. We are going to restore IRA's to help savings in this country. We are going to allow small businessmen and women around this country to deduct up to $35,000 of their investments each year to provide more jobs and a stronger economy. We are going to provide a refundable tax credit of up to $5,000 for people who adopt children. Is this a tax break for wealthy Americans? No, it is for the working men and women of this country.”