Political Quotes

“we talk about some of the tax changes and the $500 per tax child tax credit, not a deduction but a tax credit for each child in America where their parents file income tax. That is a beginning. But let me talk about another tax fairness issue. How many people are self-employed out there? How many people are unfortunate enough that they do not have health care provided by their employer, and yet when they go to fill out their income tax, they have to pay tax on all of their health care dollars until they exceed 7 rac{1}{2} percent of their income? So what happens is the individual that is lucky enough to have health care provided by their employer does not have to pay any tax on the value of that health care. The person that is self-employed, or unlucky enough to be working for a small employer or small business and not to have that health care provided, ends up paying income tax on it. The Kasich plan, this Republican proposal, allows 100 percent deductibility for individuals who are self-employed or otherwise do not have it furnished by their employer. That is a beginning.”