Walter B. Jones: “today Americans spend more money on taxes than on food, clothing, and shelter combined. That is an average tax burden of…”

“today Americans spend more money on taxes than on food, clothing, and shelter combined. That is an average tax burden of 38 percent. This Congress has introduced a plan to provide hard-working Americans some well-deserved relief. The 90-10 plan would set aside 90 percent of the 10-year, $1.6 trillion budget surplus to preserve Social Security, and would use the remaining 10 percent, or $80 billion, to cut taxes for middle-income Americans. Under the plan, the marriage penalty and death taxes will be reduced, and tax relief will be available for education, child care, and military personnel who sell their homes. The 90/10 plan offers Americans what they have been asking for, tax relief now and saving Social Security for the future. I hope my colleagues will join us in supporting the 90-10 plan.”