Political Quotes

“millions of Americans are asking this week, Mr. President, what happened to our middle-class tax cut? Twenty-nine million American families could have enjoyed a $500 per child tax credit. Three and a half million lower-income American families could have had their Federal income tax burden completely eliminated because of the $500 per child tax credit. Twenty-three million American couples could have received relief from the marriage tax penalty through a higher standard deduction. One hundred thousand American families could have benefited from a $5,000 credit to assist with adoption expenses. Americans that care for an elderly relative in their home could have benefited from a $1,000 elder care deduction. If Americans paid a tax on capital gains from selling their house or other asset, they paid twice as much as you should have. Under the Balanced Budget Act, millions of middle-class American families could have benefited from these tax cuts, except for one man. Mr. Speaker, taxpayers need to remember that President Clinton vetoed all of these middle-class tax cuts and a 7-year balanced budget.”