Roger Wicker said "A middle-income family, for example the Wilsons in the First District of Mississippi, might have 3 children under the ages of 17. That entitles the Wilsons in 1998 to claim a tax credit of $400 times 3, or $1,200, or a tax credit of $100 per month. Now that is not a tax deduction. It is better than a tax deduction. It is actually an additional $100 per month added to their take-home pay. So a wage earner in that family would simply need to go to the personnel office wherever he or she works and fill out a form saying do not wait until 1999, adjust my withholding right now, and that family can begin to see here in 1998 the benefits of our tax cut from the Balanced Budget Act of 1997." @ PoliticalQuotes.com

On the recordMarch 18, 1998

A middle-income family, for example the Wilsons in the First District of Mississippi, might have 3 children under the ages of 17. That entitles the Wilsons in 1998 to claim a tax credit of $400 times 3, or $1,200, or a tax credit of $100 per month. Now that is not a tax deduction. It is better than a tax deduction. It is actually an additional $100 per month added to their take-home pay. So a wage earner in that family would simply need to go to the personnel office wherever he or she works and fill out a form saying do not wait until 1999, adjust my withholding right now, and that family can begin to see here in 1998 the benefits of our tax cut from the Balanced Budget Act of 1997.

Said by

Roger Wicker

Republican · Mississippi

Source

govinfo.gov

Editor's note · Context

Discussing the tax benefits for middle-income families under the Balanced Budget Act of 1997.

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