Bill Bennett: “I say once again, if these tax cuts are going to benefit the wealthy, the wealthy have to have awfully big families…”

“I say once again, if these tax cuts are going to benefit the wealthy, the wealthy have to have awfully big families because the tax cut is limited to $500 per child and I do not know anybody who is really wealthy who is going to make any money off of this at $500 per child. The people who need this are the people who have low incomes and big families. Those are the people in my State who are getting a little tired of the rhetoric that this is a tax cut for the wealthy. I have heard the statement made on the floor that this is going to mean $10,000 in tax cuts to some people. They have to have an awful lot of kids to get $10,000 at $500 per child. Second, "slash and burn" is a phrase that was used, on the amount of money to be spent on Medicare; the incredible cuts.”