Kenny Hulshof: “Mr. Speaker, I think it says it all when the gentleman from Texas previous to me said that tax cuts are a spending…”

“Mr. Speaker, I think it says it all when the gentleman from Texas previous to me said that tax cuts are a spending program. Only Democrats would think that tax cuts, leaving money in people's pocket, is a spending program. Well, Mr. Speaker, a vote against this bill is a decision to bury the middle class beneath a wave of new taxes at the end of the decade; and if the Democrats vote no today, they are inflicting a rash of higher taxes on the American family. They will slice the child care tax credit in half. It falls from $1,000 down to $500 without permanent tax relief. They will revive the discriminatory marriage penalty that punishes families with a greater burden. They will resuscitate the hated death tax that has been stalking American farmers and small businesswomen all these years. They will weaken the retirement security of millions of Americans by slashing the level of contributions to 401(k) plans by more than a third, and they are dropping IRA contributions from $5,000 down to a paltry $2,000. Democrats who vote 'no' are really saying yes to the largest single-day tax increase in American history. That is the wrong message for American families.”