Gilbert Gutknecht: “David Gergen writing in this week's U.S. News & World Report says, and I quote, and David Gergen is a former Clinton…”

“David Gergen writing in this week's U.S. News & World Report says, and I quote, and David Gergen is a former Clinton administration adviser, he says it is time for the left to stop twisting the truth about tax relief. Why is that important and why do we agree? And let me explain, because seniors in my district are starting to become confused because our liberal friends are talking about this imputed income scheme where we can take people with one income level and impute their income up to a different level. Let me give my colleagues an example of a couple in my district. Their real income is $8,700 a year, but their home is paid for; of course they could rent that home out. They also have accrued value and some pension plans and other things, but they are living on $8,700 a year. Using the imputed income scheme of the Democrats we can take their income up to about $40,000 a year. So the question they have is if the Democrat tax plan passes, will they pay taxes on $40,000 a year or will they pay on $8,700 a year? Madam Speaker, there is a big difference. Seniors are confused. We owe them the truth. I hope that we can pass our plan.”