Lee Terry: “I am proud that the 107th Congress on 22 occasions over the last year-and-a-half has passed 22 tax reduction measures. I…”

“I am proud that the 107th Congress on 22 occasions over the last year-and-a-half has passed 22 tax reduction measures. I am not going to come before my colleagues tonight and say that all taxes are bad or not necessary, but I will come before my colleagues and say what I strongly disapprove of, and one of the reasons why I ran to be in this House and fight for American families is to free them from the burden of excessive taxes. Also, though, because American families today are spending about 22 percent of their income, more than that, it is the greatest percentage of income going to Federal taxes since World War II. Our taxes have become excessive and burdensome, and because of that, we are forcing more and more married couples, more and more people into the workforce, to make ends meet, because those same families are paying more for taxes than they are for their housing and their food, the daily necessities of life, and I think that is wrong. In that totality of taxes that I think are excessive and that we need to lighten the burden and trust people with their own money, sometimes there are individual type of taxes that are just plain wrong; just plain wrong. Last week, we voted to permanently repeal the death tax. I thought that one individually was wrong.”