John Shaw: “I think that when we are determining who is getting the advantage, I…”

On the recordJuly 31, 1997

I think that when we are determining who is getting the advantage, I think it is also important that when we define somebody's income that we come to the floor and be really forthright with how we come up with the percentages that we do as to the amount of income that somebody has. As we know, the Treasury came out with some of these figures by actually imputing the rental value of somebody's home that they own and putting that on top of their income as well as other things, which they did not actually enjoy in the form of cash coming in or any type of recognizable income. The imputed income is a very unfair way of defining somebody's income so that we skew the figures. I think when we are talking about who is getting what, that it is very important that we be very factual and that we be very out front with the people.

Said by

John Shaw

North Carolina

Source

govinfo.gov

Editor's note · Context

Discussing the fairness of income definitions in relation to a tax cut.

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John Shaw: “I think that when we are determining who is getting the advantage, I think it is also important that when we define…”

Editor's note · Context