Political Quotes

On the recordMay 5, 1999
I am appalled with the thought of using IRS expense standards. First, the IRS standards do not protect a debtor's ability to pay for health care, for elderly, care for the elderly, taxes, accounting or legal fees. Now, an IRS standard like this has the effect of requiring the payment of unsecured credit card debt before allowing for payment of these important family-friendly items. In the second place, where the IRS does allow specific expense items, the permitted amounts are often inhumanely inadequate. For example, the permitted automobile expense in the San Francisco Bay area for two cars is $373 per month, even though most families could barely cover the cost of automobile insurance, let alone car payments, gasoline, tolls and other items of expense. Question: How can we expect people to keep their jobs if we do not provide them with enough money for transportation to get to work? Number three, the IRS standards have a severe bias against renters and other debtors without secured debts.
Said by
John Conyers
Democratic · Michigan

Editor's note · Context

Discussing concerns about IRS standards in bankruptcy relief legislation.

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