Dave Camp: “the Treasury Department is not being straight with the American people. The Treasury Department is using misleading…”

“the Treasury Department is not being straight with the American people. The Treasury Department is using misleading, bogus information about the bipartisan tax relief package. For example, they use something called family economic income. Now, people are probably wondering what is family economic income? That is the imputed rental value of a home, even though one does not plan to rent it; inside buildup on a pension or benefits one may receive at work. That is a definition of income that was dropped by the Joint Tax Committee, which is a bipartisan committee, Democrat and Republican, House and Senate, and they dropped that definition of income when the Democrats were in control of the Congress. I think those who are calling family economic income the correct definition will have a hard time explaining to the schoolteachers, truck drivers, waitresses, factory workers, farmers, and nurses in my district that they are rich. According to the Treasury Department's absurd calculation, family economic income would take someone earning $45,000 a year and, for purposes of that calculation, say they earned $75,000 a year. I guess anything to deny middle-class tax relief.”