Gilbert Gutknecht: “I am proud of what this Congress has done to provide tax relief for hard working American families. The $500 per child…”

“I am proud of what this Congress has done to provide tax relief for hard working American families. The $500 per child tax cut will help people provide for their kids. Education savings accounts and the $1500 Hope credit will help them pay for college. Roth IRAs and capital gains tax relief will help people save and invest for their future. Tax free home sales, three-year income averaging for farmers and death tax relief will also reduce the burdens on American families. We all know that they can spend the money a whole lot smarter than the Federal Government can. Mr. Speaker, yesterday the Congress gave the American people more good news on taxes, voting to extend the R&D tax credit through 1999, accelerate the full deductibility of health care costs and extending the work opportunities tax credit. We still have much more to do but this is a great start. What a difference a Republican Congress has made.”