Your taxes will go up. That is the same thing I want to talk about very briefly: When you all talk about in the rules that you are going to make a change, make it three-fifths before you can raise taxes. That is what I kept hearing over there on taxes, before we can raise income taxes. Well, that is not true, folks; here is an example of how you do it. You just change the CPI. It has nothing to do with raising income tax rates, that is what you are saying, three-fifths to raise income tax rates. And here is the Speaker and here is your floor leader saying we change the CPI, reduce Social Security payments to our elderly, and we raise income taxes on everybody, and especially those with children. The more children you have the more you pay.
Harold Volkmer: “Your taxes will go up. That is the same thing I want to talk about very briefly: When you all talk about in the rules…”
Editor's note · Context
Discussing the implications of proposed tax changes and adjustments to the Consumer Price Index.
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