Folks who are enjoying part of this tax credit today, in 2005 will see that tax cut decrease or eliminated all together. Which, if I understand the definition of a tax increase, that indeed is a tax increase on people earning $11,000 a year or less. So can we at least agree that this is a tax increase on people who earn $11,000 a year, on people who work and earn $11,000 a year or less in this country? I might add, I invite the gentleman to my district, and anyone else who may choose to come, and we can hold a town hall meeting, and I will amass, unfortunately, a decent-sized group who are affected negatively by this. I yield back to my colleague for an answer. I used his time, so I thank him for the time.
Editor's note · Context
Discussing the impact of tax credit changes on low-income earners.
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