also being part of an American is to have equity, and part of it we think the compassion of this American society would say that those that are most vulnerable should not have to pay at the expense of allowing those who are the very rich, that are schoolchildren, that are senior citizens, that are veterans. There are people who are paying dearly for this tax, in fact we have already paid for it and we will pay more. Mr. Speaker, tomorrow we will begin debate on the Republican tax cut proposal. At a time when low- and middle-income Americans are struggling to make ends meet, relief is being given to the rich, while burdens are being borne by the poor. The tax cut plan gives $11,000 to those who make more than $200,000. For those who make less than $30,000, the plan allows a paltry $124. The plan reduces the capital gains tax to its lowest in 40 years, and gives the richest 1 percent in America, 20 percent of the tax breaks. A $500 tax credit is available to taxpayers who earn up to $200,000. While cutting taxes for the rich, the plan cuts programs for children, senior citizens, and college students. Who loses under the plan, Mr. Speaker? The Federal School Lunch Program, serving 25 million children each day; the Women, Infants, and Children Program, serving 100,000 pregnant women and children; and the student loan program, serving 4½ million students. Who wins under the plan?…
Eva M. Clayton: “also being part of an American is to have equity, and part of it we think the compassion of this American society would…”
Editor's note · Context
Addressing the impact of a Republican tax cut proposal on low- and middle-income Americans.
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