On the recordFebruary 5, 2007
I think the real thing that we have got to look at here is the impact on American families that will come from the tax increases that are coming if Congress does not act. And this is not a Democrat or Republican issue. This is an American issue, this is an economic security issue. And I would just like to recap. Nationwide, a family of four making $65,000, which is the midpoint income for all families in the United States, will see their taxes go up over $2,000 if nothing is done by Congress. Married couples with an average income like this family I just mentioned would experience a 12 percent tax penalty just for being married. For focusing on the values of family, the strength of the family, there is going to be a tax penalty reinstated upon them. I think that is simply unacceptable that that would take place. More importantly, the cost of raising children has gone up.
Source
govinfo.gov




