I hope the American people that are observing this debate over taxes now realize why tax cuts come so slowly in this Congress. There are some elitists in this Chamber and a lot of egos that think that Washington can spend your money better than you can. The tax bill currently before Congress is going to benefit every American, whether it is a $400 more in your pocket or $1,500 more in your pocket. Middle class working families are going to gain a little bit from this tax cut. But this tax cut is just a little bit. Compared to the $250 billion tax increase that we just had 4 years ago, this is an $85 billion net tax cut, just a portion of the huge tax increase that just happened a few years ago. If we are going to have a country that has been as successful as we have, we have to get back to a system where we let the people keep more of the money in their pocket, where we reward the people that work hard, that try, that save, that invest, and the people that work hard are better off than those that do not.
Editor's note · Context
Discussing the slow progress of tax cuts in Congress and their impact on American families.
Share
More from Nick Smith
the challenge is unending, and one thing I am nervous about in terms of Washington sometime in the future is paying the Social Security benefits, the Medicare and Medicaid benefits that we have promised, because what we have done over the…
I chair the Subcommittee on Research on the Committee on Science, and I am very concerned that science and technology should not be in the partisan politic arena for this election in November. At a speech in Denver on Monday, John Kerry…
I was sitting up in my office listening, reading letters from constituents, letters that wanted more money for the AIDS program, letters that wanted more money over the approximately $29 billion that is going to our foreign support…
I would like to relate some of my memories of World War II. I was born in 1934. I was about 7, 8, 9 and 10. In our community what allowed Rosie the Riveter to go into the workforce and our factories was other women on the homefront, that…





