it appears as though the Republicans are going to treat us to another episode of their favorite show, Robin Hood in reverse. He takes from the poor and the middle class to give to the rich. This is also known by the term ``tax relief for the rich.'' The issue is not whether there ought to be a tax refund. The issue is tax fairness. If you look at the Republican tax package, 60 percent of the tax benefits go to the wealthiest 5 percent of Americans. They give millionaires $12,000 to $24,000 in tax relief through estate taxes and indexed capital gains, but when we suggest that teachers, bus drivers, entry-level policemen ought to get a child tax credit, they have the audacity to say that is welfare. No, that is tax fairness. The working people, the working middle class in America ought to get the lion's share of the tax relief, not the wealthy millionaires who are collecting large capital gains tax breaks. We believe in tax fairness. The Democrats are advocating a child tax credit for everyone. When they had their Contract on America, they said it was a good idea: Give working America a tax break. They reneged on that promise. Promises made, promises broken.
Albert Russell Wynn: “it appears as though the Republicans are going to treat us to another episode of their favorite show, Robin Hood in…”
Editor's note · Context
Addressing tax fairness and the distribution of tax benefits during a debate on tax policy.
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