On the recordJuly 16, 1997
I was amazed that in the 7th District in southwest Missouri, 74,533 children... would benefit, 74,533, over $34 million in one year alone will go back into our economy because of just the $500 per child tax credit. We do not understand, I think, how this process works as well as Michael, who you were referring to from St. Peter's at Fulton, a 7th grader who already understands that taking this money off of tax rolls may not reduce taxes because things happen in the economy when you let people keep their money. What we are really just doing is we are deciding not to take as much of their money. It is their money. They work for it. We have an obligation as Members of Congress to do all we can to keep the money that working families have in their family checking account, in their family savings account, in their savings account for college, in their savings account to buy a home or buy a new car. We have an obligation to manage their money like they have to manage their money, where every penny has to count.
Source
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