On the recordJune 26, 1997
if I might just continue in talking about fairness, when we each do our taxes, we use tax deductions. What the Republican plan is saying is if one gets one tax deduction, one cannot get the $500 children's tax credit; but yet if one makes three times that salary and one gets a lot of different tax deductions, one gets the $500. That makes absolutely no sense. For those on the upper end who get lots of tax deductions, they ought to be treated the same, or the folks at the low end who ought to get a couple breaks ought to get the same benefit of the $500. I think another area which is important to mention in this debate is that with the Democratic tax cut proposal, we are going to see working families who want to get their kids to school and provide education for their kids; education in this country has been the great equalizer to allow families to be able to have their kids succeed. The Democratic proposal is for the full $1,500 tax credit for college students, where the Republican proposal would cut that in half.
Source
govinfo.gov




