On the recordMay 23, 2019
Madam Chair, I yield myself 30 seconds. I want to thank the gentlewoman from Wisconsin (Ms. Moore) for her support of the bill before us and her leadership on addressing the unfair tax that has plagued Tribes making taxable distributions to their children and young adults. {time} 1000 The kiddie tax was enacted to prevent wealthy families from shifting family income to minor children. The rationale for this new law does not apply to funds distributed by Indian Tribal governments because Indian Tribes are not taxable entities and their distributions could never be intended for the purpose of a tax deduction. The Ways and Means Committee will work to address this problem, with the goal of excluding such Tribal government distributions from the kiddie tax provisions. The SPEAKER pro tempore. The time of the gentleman has expired.
